Grene Vision Group — Sale in El Dorado, KS

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: El Dorado, KS 67042
  • Year built: 2006

Photos

Grene Vision Group — Sale in El Dorado, KS, photo 1 of 3
Grene Vision Group — Sale in El Dorado, KS, photo 2 of 3
Grene Vision Group — Sale in El Dorado, KS, photo 3 of 3

Investment Figures

Cap rate
9.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Triple Net Lease Structure Tenant financially responsible for all operating expenses and reimburses Landlord for Management Fee Growing Network with Strong Regional Presence Grene Vision Group has 18 offices across the Greater Wichita area and has served the community for over 100 years Three Years Remaining on Five Year Lease Extension Executed May 2024 Two Five Year Renewal Options Remaining Attractive Annual Rental Increases Rent increases based on CPI adjustment with a cap of 5% Frontage on Highly Trafficked West Central Ave. Located in between I-35 and Downtown El Dorado. Average Daily Traffic count over 15,000 VPD. Purpose Built Facility – First Generation User Purpose built for Grene Vision Group and has continuously operated since 2006 Proximity to Major Hospital Less than one mile from Susan B Allen Hospital Established in 1931 and includes wide range of specialty care along with acute and emergency care. Investment Highlights: • Triple Net Lease Structure Tenant financially responsible for all operating expenses. • Growing Network with Strong Regional Presence Grene Vision Group has 18 offices across the Greater Wichita area and has served the community for over 100 years • Three Years Remaining on Five Year Lease Extension Executed May 2024 Two Five Year Renewal Options Remaining • Attractive Annual Rental Increases Rent increases based on CPI adjustment with a cap of 5% • Frontage on Highly Trafficked West Central Ave. Located in between I-35 and Downtown El Dorado. Average Daily Traffic count over 15,000 VPD. • Purpose Built Facility – First Generation User Purpose built for Grene Vision Group and has continuously operated since 2006 • Proximity to Major Hospital Less than one mile from Susan B Allen Hospital Established in 1931 and includes wide range of specialty care along with acute and emergency care.

Market Context

This office in El Dorado, KS is listed for sale. It is offered at an approximate 9.2% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2006. Compare it against other office listings for sale in El Dorado, KS — view the full market.

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