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Single-Tenant Office Medical

Heartland Cardiology MOB / Surgery Center

3535 N Webb Rd, Wichita, KS 67226

Listing Price: $24,330,000

Cap Rate
5.84%
Tenant Name
Heartland Cardiology
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
49,430
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.68

Investment Overview

- Long Term Leases with Annual Growth

- Both Leases Feature 3% Annual Rental Increases Throughout Term

- Significant Growth within Interventional Cardiology Specialty

- Increasing Prevalence of Cardiovascular Diseases, the Preference for Minimally Invasive Procedures and Ongoing Advancements in Medical Technology.

-Projected 5.8% Compounded Annual Growth Rate

- State of The Art Construction

- Heartland Cardiology MOB Constructed in 2018

- EPIC Hear and Surgery Center Constructed in 2015

- Kansas ranked #4 among all 50 states for a business-friendly regulatory environment.

- All purchased business equipment receives 100% tax abatement

- Wichita, Kansas is Forbes 4th Best City to Move to in 2024 (Forbes, 2024)

#1 Manufacturing-Specialized Region in the U.S.
#3 U.S. Advanced Industry Hotspot
12% Below National Average Cost of Living
#3 Engineering Hub in the Nation

Investment Highlights

  • Long Term Leases with Annual Growth (Both Leases Feature 3% Annual Rental Increases Throughout Term)
  • Significant Growth within Interventional Cardiology Specialty
  • Heartland Cardiology MOB Occupies 40,912 Square Feet Under an Absolute NNN Lease Structure
  • EPIC Heart and Surgery Center Occupies 8,428 Square Feet Under a Triple Net Lease Structure with Limited Landlord Responsibilities while Providing Ownership with Ability to Collect Reimbursement for Management Fee
  • Kansas ranked #4 among all 50 states for a business-friendly regulatory environment. All purchased business equipment receives 100% tax abatement

Broker of Record

  • Colby Haugness

    Senior Director Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Single-Tenant Office Medical

Heartland Cardiology MOB / Surgery Center

Listing Price: $24,330,000

Cap Rate
5.84%
Tenant Name
Heartland Cardiology
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
49,430
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.68

Investment Highlights

  • Long Term Leases with Annual Growth (Both Leases Feature 3% Annual Rental Increases Throughout Term)
  • Significant Growth within Interventional Cardiology Specialty
  • Heartland Cardiology MOB Occupies 40,912 Square Feet Under an Absolute NNN Lease Structure
  • EPIC Heart and Surgery Center Occupies 8,428 Square Feet Under a Triple Net Lease Structure with Limited Landlord Responsibilities while Providing Ownership with Ability to Collect Reimbursement for Management Fee
  • Kansas ranked #4 among all 50 states for a business-friendly regulatory environment. All purchased business equipment receives 100% tax abatement

Investment Overview

- Long Term Leases with Annual Growth - Both Leases Feature 3% Annual Rental Increases Throughout Term - Significant Growth within Interventional Cardiology Specialty - Increasing Prevalence of Cardiovascular Diseases, the Preference for Minimally Invasive Procedures and Ongoing Advancements in Medical Technology. -Projected 5.8% Compounded Annual Growth Rate - State of The Art Construction - Heartland Cardiology MOB Constructed in 2018 - EPIC Hear and Surgery Center Constructed in 2015 - Kansas ranked #4 among all 50 states for a business-friendly regulatory environment. - All purchased business equipment receives 100% tax abatement - Wichita, Kansas is Forbes 4th Best City to Move to in 2024 (Forbes, 2024) #1 Manufacturing-Specialized Region in the U.S. #3 U.S. Advanced Industry Hotspot 12% Below National Average Cost of Living #3 Engineering Hub in the Nation

Broker of Record

  • Colby Haugness

    Senior Director Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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