Benefit Management Corporate Headquarters – Great Bend, KS

  • downsized
  • downsize 2
  • downsize 4

Available $3,936,600 - Office, Healthcare
Cap Rate:  8.25%Size:  22,275 SFTerm:  10.75 Years Remaining Print

 Investment Offering & Highlights

  • LONG-TERM MASTER LEASE
    15-year lease which commenced in 2017 leaving approximately 10.75 years remaining on the primary term
  • ATTRACTIVE RENT INCREASES
    Lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
  • BENEFIT MANAGEMENT IS THE LARGEST THIRD-PARTY ADMINISTRATOR IN THE U.S.
    Founded in 1995, BML has over 90 employees with offices in Great Bend and Wichita
  • HEADQUARTERED IN GREAT BEND
    BML has operated for over 26 years in Great Bend and recently expanded into Wichita, opening an office in February of 2021
  • EXCELLENT EXPOSURE ALONG US-281/MAIN STREET
    The subject properties are positioned along the area’s main north-south thoroughfare
  • EASILY ACCESSIBLE VIA US-56 & US-281
    Experiencing daily traffic counts in excess of 17,000 vehicles per day
  • CLOSE PROXIMITY TO WALMART SUPERCENTER
    Other National Retailers and traffic generators in the immediate area include Walgreens, Tractor Supply, McDonalds, Dollar General, Anytime Fitness, AutoZone, and many more
  • RECENT EXPANSION
    In 2017, BML expanded their footprint in Great Bend by approximately 50% from their original occupancy of 15,000 SF showing their long term commitment to the sites

Property Description

THE SUBJECT OPPORTUNITY CONSISTS OF THREE BUILDINGS TOALING 22,275 SQUARE-FEET LEASED TO BENEFIT MANAGEMENT (BML) IN GREAT BEND, KS.

Benefit Management has leased the properties for 15-years via a long-term master lease, which commenced in 2017, leaving approximately 10.75 years remaining on the tenant’s initial lease term.​ BML, which is headquartered in Great Bend, has a proven track record at the subject property for over 26 years.​ In 2017, the Tenant expanded their footprint by approximately 50% from their initial occupancy of 15,000 square feet exuberating their long-term commitment.​ The lease features extremely attractive 10% rent increases every 5 years throughout the primary term, and between each of the two, two-year renewal options.​ Benefit Management, which was founded in 1995, is one of the largest Independent third-party administrators in the U.​S covering thousands of lives in all 50 states with over $25 billion in adjudicated claims.​

Two of the subject properties are part of a high street retail center that fronts US Highway 281/Main Street, the area’s main corridor and north-south traffic thoroughfare.​ These sites are easily Accessible via US-56 & US-281, which experiences daily traffic counts in excess of 17,000 vehicles per day.​ The additional location along Washington is located about a half mile from the headquarters creating optimal synergy and allowing BML the expansion capabilities needed to meet the current influx of new business.​ Other national Retailers and traffic generators in the immediate area include Walmart-Supercenter, Walgreens, Tractor Supply, McDonalds, Dollar General, Anytime Fitness, AutoZone, and many others.​

Additional Details

  • Price: $3,936,600
  • Cap Rate: 8.25%
  • Lease Term: 10.75 Years Remaining
  • Building Size: 22,275 SF
  • Lot Size: 1.05 Acres
  • Status: Available
Property Location