Listed by Colliers - Dallas, Texas, Colliers
$11,000,000
State Of Kansas: Department For Children & Families
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 97,532
Net Rentable (SqFt) 97,532
Cap Rate 7.8%
NOI $857,538
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 20
Lease Expiration 06/30/2035
Remaining Term 9.1
Lease Options Two (2) 5-Year Options
Price per SqFt $113
Class A
Year Built 1961
Year Renovated 2019
Buildings 1
Stories 1
Acreage 13.880
Tenant Credit Credit Rated
Lease Commencement 07/01/2015
Department for Children & Families HQ | Wichita KS | Rare NNN Lease | Below Market Rent | 10 YR LTR
Investment highlights
Secure Long-Term Lease Through 2035: The property benefits from a long-duration lease that delivers predictable income well into the next decade.
Built-In Rental Growth: Scheduled 3% rental increases every five years provide a hedge against inflation and enhance long-term returns.
Rare Modified NNN Lease Structure: A modified triple-net lease minimizes landlord responsibilities while preserving upside through structured rent growth.
Recently Renovated: A new roof installed in September 2019 reduces near-term capital expenditure risk and supports long-term asset durability.
Listing Contacts
Listed by Colliers - Dallas, Texas, Colliers
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$857,538.00
$71,461.50/mo
Valuation Metrics
0
DSCR
7.8%
Cap Rate
7.8%
ROI
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