Your email has been sent.
Ascension Medical / AMSURG Surgery & LiveWell 16663 Midland Dr 6,920 SF 100% Leased Office Building Shawnee, KS 66217 $1,938,813 ($280.18/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
-
- Health Care and Social Assistance
- -
- -
- -
AMSURG is a healthcare powerhouse that offers a strong national presence, leading market positions in multiple service lines, and extensive local expertise. As a leader in ambulatory surgery center quality movement initiator, AMSURG provides a unique approach to combining technology, data analytics, patient engagement, and quality reporting that results in optimal outcomes for patients. As a result, they provide healthcare value, improve patient experience and save lives. In 2016, Envision Healthcare and AMSURG merged, unifying two leading, complementary healthcare companies to form one of the nation’s largest provider organizations, well-positioned to help shape the future of healthcare delivery. Envision Healthcare manages a highly differentiated suite of clinical solutions to support health systems, communities, and payors are composed of a significantly diversified business mix of specialties, customers, and geographies, and provides a broad continuum of patient care.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | QP85700000-0011 | Improvements Assessment | $301,258 |
| Land Assessment | $67,993 | Total Assessment | $369,251 |
PROPERTY TAXES
Presented by
Ascension Medical / AMSURG Surgery & LiveWell | 16663 Midland Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.