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Oak Street Health 700 Nebraska Ave 8,400 SF 100% Leased Office Building Kansas City, KS 66101 $5,994,008 CAD ($713.57 CAD/SF) 6.75% Cap Rate
Investment Highlights
- In 2023, Oak Street Health was acquired by CVS Health (NYSE: CVS) for approximately $10.6 billion and now operates as a wholly owned subsidiary
- This Kansas City location provides essential outpatient care to an aging, Medicare-eligible population in a medically underserved area
- This asset generates passive income through a long-term NNN lease with built-in rent growth, minimal landlord responsibilities
- Oak Street Health currently operates more than 230 centers nationwide and continues to expand, with plans to exceed 300 clinics by 2026
- The property is subject to a 17-year NNN lease commencing in 2023, with scheduled rent escalations and two 5-year renewal options
- Oak Street Health operates three clinics across the Kansas City metro, reinforcing its scalable care model and long-term commitment to the region
Executive Summary
Kyle Matthews
License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,400 SF
Year Built/Renovated
2012/2023
Price
$5,994,008 CAD
Price Per SF
$713.57 CAD
Cap Rate
6.75%
NOI
$404,596 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,400 SF
Opportunity Zone
Yes
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 403900 | Improvements Assessment | $469,673 CAD |
| Land Assessment | $21,239 CAD | Total Assessment | $490,912 CAD |
Property Taxes
Parcel Number
403900
Land Assessment
$21,239 CAD
Improvements Assessment
$469,673 CAD
Total Assessment
$490,912 CAD
Contacts
-
Kyle Mackulak -
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Oak Street Health | 700 Nebraska Ave
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