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33622567
33622566

1408 W Central Ave, El Dorado, KS 67042

CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$997,000
17 days on market
Updated 17 days ago

Grene Vision Group

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,000
Cap Rate 9.25%
NOI $92,265
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 04/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options (Two) Five-Year Options
Price per SqFt $249
Year Built 2006
Acreage 0.420
Investment Type Net Lease
Lease Commencement 05/01/2019

Office | 9.25% CAP | 4,000 SqFt

Investment highlights

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.

Listing Contacts

CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$92,265.00
$7,688.75/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

Map

Zoning

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C-1 CommercialGeneral CommercialBusiness General District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
David Saverin
License
00249685
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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