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Office Medical

AMSURG Endoscopy Surgery & LiveWell

16663 Midland Dr, Shawnee, KS 66217

Listing Price: $2,150,000

Cap Rate
7.25%
Rentable SF
6,772
Occupancy
100.0%
Year Built
1997
Lot Size
0.61 acres

Investment Overview

Marcus & Millichap proudly presents the Amsurg & LiveWell Medical Office Building, strategically located in affluent Johnson County, just 1,000 feet from the I-435 exit in Shawnee, Kansas. This investment features a 100 percent occupied, two-tenant, NNN medical office building with strong tenants in rapidly growing medical sectors. The property is nestled within the WestGlen shopping center, which underwent a multi-million-dollar remodel in 2017, enhancing various offices, retail shops, and restaurants with a 25-year operating history. Within a one-mile radius, the average household income stands at $123,586.

Situated on a 0.61-acre plot, the building offers 6,772 square feet of gross leasable area (GLA). Amsurg, occupying 70 percent of the GLA, has been a tenant since the property's construction in 1998. LiveWell, occupying the remaining 30 percent, signed a new lease in January 2025.

Amsurg is a prominent multibillion-dollar ambulatory surgery company with over 250 locations across the nation. It merged with Envision Healthcare (NYSE: EVHC) in 2016 for nearly $10 billion and was subsequently acquired by KKR (NYSE: KKR) in an all-cash deal in 2018. The U.S. market for ambulatory surgery centers was valued at USD 40.41 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 6.02 percent from 2024 to 2030.

LiveWell specializes in home-based care, providing services like skilled nursing with approximately 500 employees. The U.S. home healthcare market, valued at $142.9 billion in 2022, is set to continue its robust growth with a projected CAGR of 7.48 percent from 2023 to 2030.

Lease terms for the building include a triple-net lease for Amsurg (70 percent of GLA) and a gross lease for LiveWell (30 percent of GLA), with the landlord being responsible for the roof and structure maintenance.

Investment Highlights

  • 100 Percent Occupancy: Fully Leased with Two Strong Tenants In High-Growth Medical Sectors, Ensuring Stable Income
  • Stable Tenancy: Amsurg, a Tenant Since 1998, Occupies 70 Percent of the GLA, Showcasing Long-Term Commitment. Livewell, with a Fresh Lease from January 2025, Adds to the Stability
  • Stable Tenancy: Amsurg, a Tenant Since 1998, Occupies 70 Percent of the GLA, Showcasing Long-Term Commitment. Livewell, with a Fresh Lease from January 2025, Adds to the Stability
  • Amsurg's Market Position: A Multibillion-Dollar Company with a Wide National Footprint and Key Mergers, Poised for Growth. The U.S. Ambulatory Surgery Market is Expected to Grow at a 6.02 Percent CAGR To 2030
  • Livewell's Market: The U.S. Home Healthcare Market, Where Livewell Operates, is Valued at $142.9 Billion and Expected to Grow at a 7.48 Percent CAGR to 2030, Highlighting the Sector's Growth Potential
  • Location Advantage: Situated In Affluent Johnson County, Only 1,000 Feet from the I-435 Exit in Shawnee, Kansas, Enhancing Accessibility and Visibility
  • Lease Structure: Amsurg Under a Triple-Net Lease (70 Percent GLA), Minimizing Landlord's Operational Expenses, While Livewell Operates Under a Gross Lease (30 Percent GLA), with Defined Responsibilities for Maintenance

Exclusively Listed By

Office Medical

AMSURG Endoscopy Surgery & LiveWell

Listing Price: $2,150,000

Cap Rate
7.25%
Rentable SF
6,772
Occupancy
100.0%
Year Built
1997
Lot Size
0.61 acres

Investment Highlights

  • 100 Percent Occupancy: Fully Leased with Two Strong Tenants In High-Growth Medical Sectors, Ensuring Stable Income
  • Stable Tenancy: Amsurg, a Tenant Since 1998, Occupies 70 Percent of the GLA, Showcasing Long-Term Commitment. Livewell, with a Fresh Lease from January 2025, Adds to the Stability
  • Stable Tenancy: Amsurg, a Tenant Since 1998, Occupies 70 Percent of the GLA, Showcasing Long-Term Commitment. Livewell, with a Fresh Lease from January 2025, Adds to the Stability
  • Amsurg's Market Position: A Multibillion-Dollar Company with a Wide National Footprint and Key Mergers, Poised for Growth. The U.S. Ambulatory Surgery Market is Expected to Grow at a 6.02 Percent CAGR To 2030
  • Livewell's Market: The U.S. Home Healthcare Market, Where Livewell Operates, is Valued at $142.9 Billion and Expected to Grow at a 7.48 Percent CAGR to 2030, Highlighting the Sector's Growth Potential
  • Location Advantage: Situated In Affluent Johnson County, Only 1,000 Feet from the I-435 Exit in Shawnee, Kansas, Enhancing Accessibility and Visibility
  • Lease Structure: Amsurg Under a Triple-Net Lease (70 Percent GLA), Minimizing Landlord's Operational Expenses, While Livewell Operates Under a Gross Lease (30 Percent GLA), with Defined Responsibilities for Maintenance

Investment Overview

Marcus & Millichap proudly presents the Amsurg & LiveWell Medical Office Building, strategically located in affluent Johnson County, just 1,000 feet from the I-435 exit in Shawnee, Kansas. This investment features a 100 percent occupied, two-tenant, NNN medical office building with strong tenants in rapidly growing medical sectors. The property is nestled within the WestGlen shopping center, which underwent a multi-million-dollar remodel in 2017, enhancing various offices, retail shops, and restaurants with a 25-year operating history. Within a one-mile radius, the average household income stands at $123,586. Situated on a 0.61-acre plot, the building offers 6,772 square feet of gross leasable area (GLA). Amsurg, occupying 70 percent of the GLA, has been a tenant since the property's construction in 1998. LiveWell, occupying the remaining 30 percent, signed a new lease in January 2025. Amsurg is a prominent multibillion-dollar ambulatory surgery company with over 250 locations across the nation. It merged with Envision Healthcare (NYSE: EVHC) in 2016 for nearly $10 billion and was subsequently acquired by KKR (NYSE: KKR) in an all-cash deal in 2018. The U.S. market for ambulatory surgery centers was valued at USD 40.41 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 6.02 percent from 2024 to 2030. LiveWell specializes in home-based care, providing services like skilled nursing with approximately 500 employees. The U.S. home healthcare market, valued at $142.9 billion in 2022, is set to continue its robust growth with a projected CAGR of 7.48 percent from 2023 to 2030. Lease terms for the building include a triple-net lease for Amsurg (70 percent of GLA) and a gross lease for LiveWell (30 percent of GLA), with the landlord being responsible for the roof and structure maintenance.

Exclusively Listed By

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