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Fresenius 3904 6th St

4,140 SF Office Building Great Bend, KS 67530 £863,037 (£208/SF) 6.85% Net Initial Yield

Investment Highlights

  • Early Lease Extension | +/- 8 Years Remaining
  • Leading Operator | Fresenius Medical Care Holdings, Inc.
  • Minimal Landlord Responsibilities
  • Recession- and Pandemic-Resistant Asset
  • Rent Growth | Increase in 2026
  • Across from Regional Hospital | KU Health System

Executive Summary

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Great Bend, Kansas (the “Property”).
The Property consists of 1.5 acres and a 4,140-square-foot medical clinic that was built to the exact specifications of the Tenant’s design and building standards in 2001. The Property is located at the intersection of 6th Street and McKinley Street adjacent to the University of Kansas Health System Great Bend Campus. There are nearly 24,000 people living in the fifteen-mile radius earning approximately $71,000 per year in average household income.
The Tenant completed construction in 2001 and strategically selected this site to grow its presence in Great Bend and the surrounding markets. The Tenant recently extended the lease early for an additional five (5) years expiring September 30, 2031, showing commitment to the location and bringing their total operating history to 25 years.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,140 SF
Building Class
C
Year Built
2001
Price
£863,037
Price Per SF
£208
Net Initial Yield
6.85%
NOI
£59,118
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,140 SF
Building FAR
0.06
Lot Size
1.50 AC
Zoning
NR02
Parking
20 Spaces (4.83 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 189-32-0-20-03-005.00-0
  • 242-03-0-00-00-003.00-0
Land Assessment
£24,669
Improvements Assessment
£115,251
Total Assessment
£139,920
  • Listing ID: 30684336

  • Date on Market: 17/01/2024

  • Last Updated:

  • Address: 3904 6th St, Great Bend, KS 67530

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