3010 W 18th Ave Emporia, KS 66801
$1,240,000
For Sale
Details
- StatusFor Sale
- Price$1,240,000
- Cap Rate7.5%
- Lease TypeModified Gross
- Building Size4,925 SF
- Lot Size0.70 Acres
- NOI$94,704
Documents
Property Description
Investment Opportunity in Emporia, KS: Social Security Administration Building
Helios Investment Services proudly presents an exceptional investment opportunity: the Social Security Administration building located at 3010 W 18th Ave, Emporia, Kansas. This property offers a unique blend of stability, profitability, and long-term viability, making it a perfect addition to any investment portfolio.
Key Property Features:
- Location: 3010 W 18th Ave, Emporia, KS 66801
- List Price: $1,184,000
- Net Operating Income: $94,704
- Cap Rate: 8%
- Rentable Area: 4,925 SF
- Land Area: 0.70 AC
- Lease Term Remaining: Approximately 9.8 years
Why Invest in This Property?
This property features a stable federal government tenant, the Social Security Administration, with a lease guaranteed by the full faith and credit of the U.S. Government. Built-to-suit for the GSA in 2004, the tenant has successfully operated here for 20 years and recently renewed the lease for another ten years, ensuring reliable rental income and minimal tenant turnover.
As an essential service provider, the Social Security Administration guarantees continuous demand, making this property a secure and profitable investment. Its strategic location near major amenities, including Emporia State University, further enhances its appeal.
- Leases guaranteed by the U.S. Government
- Long-term leases with minimal landlord responsibilities
- Located in a growing regional hub with strong demographics
- Essential service providers ensuring tenant stability
- Ideal for investors seeking secure and stable returns
Financial Overview:
- Effective Gross Revenue: $135,672
- Operating Expenses: $40,968
- Net Operating Income: $94,704
Contact Information:
For more details or to schedule a property tour, please contact us today!
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