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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: $1,240,000
  • Net Operating Income: $94,704
  • Cap Rate: Seven point five percent
  • 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!

Contact

Portrait of Sam Valenti

Sam Valenti

Net Lease Investment Advisor

DRE 02210185

(727) 774-4144

Portrait of Kaveh Ebrahimi

Kaveh Ebrahimi

Managing Partner

DRE 1896322

(805) 889-7837

Portrait of Jason Gribin

Jason Gribin

Managing Partner

DRE 1819611

(310) 867-9311

Request more information.