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Single-Tenant Office Medical

Aspen Dental (1,000+ Locations) | Outside Wichita | Signalized Hard Corner | Brand New Construction

Waldron St, Hutchinson, KS 67502

Listing Price: $2,995,000

Cap Rate
5.55%
Tenant Name
Aspen Dental
Years Remaining On Lease
9.9
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$855.71
Lease Type
Double Net
Rent Per Square Feet
$47.50

Investment Overview

As the regional hub for Reno County, Hutchinson is the ideal location for healthcare, manufacturing, retail and technology. Healthcare businesses have the opportunity to attract patients from Hutchinson and the entire South Central Kansas region. Competitive pay rates, along with Reno County’s positive healthcare growth and business-friendly climate makes the region a good option for healthcare related services. With a highly-skilled workforce and technical training offered at Hutchinson Community College, Hutchinson is an ideal location for advanced manufacturing companies and those looking to produce quality products in the USA. Hutchinson’s industry has a solid foundation in manufacturing clusters which includes machinery, equipment and wood and metal products for machinery. Machinery is growing and is the most highly concentrated sector in Hutchinson. Hutchinson is also a great destination in South Central Kansas for those looking to have a good time. People come from throughout the region to catch a game, visit a museum or nature center, golf, shop, dine, or take a short vacation. This makes Hutchinson an ideal location for anyone in the retail sector. In addition to serving a regional population of 85,000, retailers can market to the tourists who regularly frequent this great community. Retail trade in Hutchinson has more than 3,826 retail employees and a net surplus of retail sales. Reno County additionally has an emerging concentration of data processing and hosting services, and has experienced significant employment growth in recent years. Hutchinson’s emerging technology base is growing and can take advantage of local educational specialties and skilled labor.

Investment Highlights

  • Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New High Quality Construction with a 20-Year Roof Warranty In-Place.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility. Immediate Access to Ken Kennedy Fwy / KS-61.
  • Surrounded by Numerous National Retailers including The Home Depot, Walmart Supercenter, Lowe's Home Improvement, Kohl's, ALDI, Petco, Tractor Supply and many more.
  • Adjacent to Uptown Hutch, formerly known as Hutchinson Mall - a 600k+ Sq. Ft. Shopping Center Anchored by Orscheln Farm & Home, Hobby Lobby, Dunham's Sports, TJ Maxx, Ollie's Bargain Outlet and more.
  • Strong Academic Artery - Within Two Miles of Hutchinson Community College, Hutchinson High School, Trinity Catholic Jr./Sr. High School and Graber Elementary School (Combined Student Enrollment of 7,800+ Students).
  • Compelling Location Fundamentals - Less than Two Miles from Fairgrounds for Kansas State Fair. It Attracts Approximately 350,000 Individuals to the Immediate Area Each Year.
  • Immediate Access to Healthcare: Walking Distance from Hutchinson Medical Center - a 190-Bed Regional Medical Destination providing Medical care to Reno County and the surrounding area.
  • Minutes from Hutchinson Regional Airport: a Business Aviation Center of the Midwest - Benefit-Packed Resource for Pilots, Passengers, and Businesses that use and serve General Aviation located just 3 Miles from Downtown.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Single-Tenant Office Medical

Aspen Dental (1,000+ Locations) | Outside Wichita | Signalized Hard Corner | Brand New Construction

Listing Price: $2,995,000

Cap Rate
5.55%
Tenant Name
Aspen Dental
Years Remaining On Lease
9.9
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$855.71
Lease Type
Double Net
Rent Per Square Feet
$47.50

Investment Highlights

  • Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New High Quality Construction with a 20-Year Roof Warranty In-Place.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility. Immediate Access to Ken Kennedy Fwy / KS-61.
  • Surrounded by Numerous National Retailers including The Home Depot, Walmart Supercenter, Lowe's Home Improvement, Kohl's, ALDI, Petco, Tractor Supply and many more.
  • Adjacent to Uptown Hutch, formerly known as Hutchinson Mall - a 600k+ Sq. Ft. Shopping Center Anchored by Orscheln Farm & Home, Hobby Lobby, Dunham's Sports, TJ Maxx, Ollie's Bargain Outlet and more.
  • Strong Academic Artery - Within Two Miles of Hutchinson Community College, Hutchinson High School, Trinity Catholic Jr./Sr. High School and Graber Elementary School (Combined Student Enrollment of 7,800+ Students).
  • Compelling Location Fundamentals - Less than Two Miles from Fairgrounds for Kansas State Fair. It Attracts Approximately 350,000 Individuals to the Immediate Area Each Year.
  • Immediate Access to Healthcare: Walking Distance from Hutchinson Medical Center - a 190-Bed Regional Medical Destination providing Medical care to Reno County and the surrounding area.
  • Minutes from Hutchinson Regional Airport: a Business Aviation Center of the Midwest - Benefit-Packed Resource for Pilots, Passengers, and Businesses that use and serve General Aviation located just 3 Miles from Downtown.

Investment Overview

As the regional hub for Reno County, Hutchinson is the ideal location for healthcare, manufacturing, retail and technology. Healthcare businesses have the opportunity to attract patients from Hutchinson and the entire South Central Kansas region. Competitive pay rates, along with Reno County’s positive healthcare growth and business-friendly climate makes the region a good option for healthcare related services. With a highly-skilled workforce and technical training offered at Hutchinson Community College, Hutchinson is an ideal location for advanced manufacturing companies and those looking to produce quality products in the USA. Hutchinson’s industry has a solid foundation in manufacturing clusters which includes machinery, equipment and wood and metal products for machinery. Machinery is growing and is the most highly concentrated sector in Hutchinson. Hutchinson is also a great destination in South Central Kansas for those looking to have a good time. People come from throughout the region to catch a game, visit a museum or nature center, golf, shop, dine, or take a short vacation. This makes Hutchinson an ideal location for anyone in the retail sector. In addition to serving a regional population of 85,000, retailers can market to the tourists who regularly frequent this great community. Retail trade in Hutchinson has more than 3,826 retail employees and a net surplus of retail sales. Reno County additionally has an emerging concentration of data processing and hosting services, and has experienced significant employment growth in recent years. Hutchinson’s emerging technology base is growing and can take advantage of local educational specialties and skilled labor.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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