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700 Nebraska AveKansas City, KS 66101
Oak Street Health
Asset ClassHealthcare Facility

Investment Highlights

• Backed By CVS Health – 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 relationship with one of the nation’s largest healthcare companies provides strong financial backing and enhances the tenant’s credit profile. • Strategic National Expansion – Oak Street Health currently operates more than 230 centers nationwide and continues to expand, with plans to exceed 300 clinics by 2026. • Mission-Critical Healthcare Use In Underserved Area – This Kansas City location provides essential outpatient care to an aging, Medicare-eligible population in a medically underserved area, supporting Oak Street Health’s value-based care model. • Long-Term Lease With Rent Growth – The property is subject to a 17-year NNN lease commencing in 2023, with scheduled rent escalations and two 5-year renewal options. • Ideal 1031 Exchange Opportunity – This asset generates passive income through a long-term NNN lease with built-in rent growth, minimal landlord responsibilities, and a nationally recognized tenant—making it well-suited for 1031 exchange investors seeking stable, growing cash flow. • Established Multi-Clinic Presence In The Kansas City Market – Oak Street Health operates three clinics across the Kansas City metro, reinforcing its scalable care model and long-term commitment to the region. This footprint enhances brand visibility, supports referral synergies, and reflects confidence in continued market growth. • $1.9 Million Tenant-Funded Renovation – In 2023, the tenant invested $1.9 million to renovate and upgrade the facility for its own use, demonstrating strong commitment to the location and significantly improving the property’s infrastructure and buildout.

700 Nebraska AveKansas City, KS 66101

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