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Ascension Medical / AMSURG Surgery & LiveWell 16663 Midland Dr 6,920 SF 100% Leased Office Building Shawnee, KS 66217 $2,635,254 CAD ($380.82 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupancy: Fully leased with two strong tenants in high-growth medical sectors, ensuring stable income
- Stable Tenancy: Amsurg, a tenant since 1998, occupies 70% of the GLA | LiveWell, with a fresh lease from January 2025
- LiveWell's Market: The U.S. home healthcare market and expected to grow at a 7.48% CAGR to 2030
- Affluent Demographics: Average household income of $123,586 within a 1-mile radius
- Amsurg Market Position: Now backed by Ascension Health’s $3.9B acquisition, operates 300+ ASCs nationwide projected to grow 6.02% CAGR through 2030.
- Situated in affluent Johnson County, only 1,000 feet from the I-435 exit in Shawnee, Kansas, enhancing accessibility and visibility.
EXECUTIVE SUMMARY
Situated on a 0.61-acre plot, the building offers 6,772 square feet of gross leasable area (GLA). Amsurg, occupying 70% of the GLA, has been a tenant since the property's construction in 1998. LiveWell, occupying the remaining 30%, signed a new lease in January 2025. Amsurg is a prominent multibillion-dollar ambulatory surgery company with over 250 locations across the nation. It was acquired by Ascension in June 2025 for $3.9 billion, integrating its ambulatory surgery centers into Ascension's expansive healthcare network. The U.S. market for ambulatory surgery centers was valued at USD 40.41 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 6.02% from 2024 to 2030.
LiveWell specializes in home-based care, providing services like skilled nursing with approximately 500 employees. The U.S. home healthcare market, valued at $142.9 billion in 2022, is set to continue its robust growth with a projected CAGR of 7.48% from 2023 to 2030.
Lease terms for the building include a triple-net lease for Amsurg (70% of GLA) and a gross lease for LiveWell (30% of GLA), with the landlord being responsible for the roof and structure maintenance.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Health Care and Social Assistance
- -
- -
- -
AMSURG est une centrale du secteur de la santé qui offre une forte présence nationale, des positions de leader sur le marché dans de multiples gammes de services et une vaste expertise locale. En tant que chef de file en matière d'initiateur de mouvements de qualité dans les centres de chirurgie ambulatoire, AMSURG offre une approche unique pour combiner la technologie, l'analyse des données, l'engagement des patients et des rapports de qualité qui se traduisent par des résultats optimaux pour les patients. Par conséquent, ils apportent de la valeur aux soins de santé, améliorent l'expérience des patients et sauvent des vies. En 2016, Envision Healthcare et AMSURG ont fusionné, réunissant deux entreprises de soins de santé complémentaires de premier plan pour former l'une des plus grandes organisations de fournisseurs de soins de santé du pays, bien positionnée pour contribuer à façonner l'avenir de la prestation des soins de santé. Envision Healthcare gère une gamme très différenciée de solutions cliniques pour soutenir les systèmes de santé, les communautés et les payeurs, qui sont composés d'un éventail d'entreprises très diversifié de spécialités, de clients et de régions géographiques, et fournit un vaste continuum de soins aux patients.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | QP85700000-0011 | Improvements Assessment | $413,145 CAD |
| Land Assessment | $93,246 CAD | Total Assessment | $506,391 CAD |
PROPERTY TAXES
Presented by
Ascension Medical / AMSURG Surgery & LiveWell | 16663 Midland Dr
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