Description

The Ficke Team of Colliers exclusively presents the opportunity to acquire the Kansas Department for Children and Families Wichita Regional Headquarters located at 2601 South Oliver Street. The asset comprises approximately 97,532 square feet of office space and is 100% leased to DCF, offering a strong credit investment (S&P AA-) with a 20-year lease term that includes two five-year renewal options. Originally built in 1961 and previously occupied by Boeing and the United States Postal Service, the property underwent a full renovation-to-suit prior to DCF’s occupancy in 2015, with further capital improvements including a new Carlisle roof installed in 2019 and reinforced concrete construction. As one of four DCF regional headquarters in Kansas, the facility serves Sedgwick, Butler, Pratt, and Cowley counties. The property generates approximately $857,538 in annual NOI with below-market rents, providing immediate cash flow and upside through scheduled rent escalations every five years. Structured under a modified NNN lease, the tenant covers most operating expenses—including utilities, maintenance, and management—while ownership responsibilities are limited to roof, structure, HVAC replacement, and liability insurance, making this a stable, low-management investment with long-term growth potential.