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4201 Anderson Ave Suite E, Manhattan, KS, 66503

Manhattan Oral Surgery And Implant Center
$2,314,010

Key Information

Cap Rate
8.5%
$ per SF
$368
Tot. SF
6,272
Year Built
2017
Term Remaining
± 2.02 YRS
Type
Healthcare
NOI
$196,691

Highlights

  • Best In Class Tenant: US Oral Surgery Management is one of the largest specialty focused dental organizations in the country, with over 180+ locations across 26+ states, and continues to expand by acquiring successful practices.
  • NNN Lease Structure: The NNN lease structure offers a nearly passive investment opportunity for both local and national investors.
  • 5 Year NNN Lease: The tenant executed a brand new 5 Year lease in March 2023 with 3% annual rental increases, providing growing cash flow and a hedge against inflation.
  • Streamlined Expansion: USOSM expands by acquiring established practices, and the class-A build out and specialized healthcare tenancy provide security as dental facilities rarely relocate.
  • Strategic Location: The property is in a recently constructed medical office park, surrounded by other medical and dental specialties, creating the densest concentration of medical operators in Manhattan.
  • Kansas State University Proximity: The property is less than 10 minutes from Kansas State University, with over 21,000 students, providing a large patient base.
  • Robust Demographics: The average household income is over $110,000 in a 1-mile radius, and the 5-mile population exceeds 60,000 residents, supporting a strong customer base.
  • Prominent Retail Corridor: The location is near high-income residential communities and a retail corridor anchored by national tenants like Dillons, Marshall’s, McDonald’s, Starbucks, Hy-Vee, Harbor Freight, and BestBuy.
  • Further Expansion & Investment: Ownership is investing in site enhancements, including additional adjacent parking to support high customer demand and strong traffic volumes.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CO00002672, 239429 (KS)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203