20,602 Square Foot Neighborhood Strip Center Located in Topeka, Kansas | State Capital with Over 233k People
High End Construction Built in in 2006 | Situated on Large 2.85 Acre Lot | Offered Well Below Replacement Cost at $150/SF
Strong Mixture of Diversified, Ecommerce-Proof Tenants | Bar/Grill, Liquor & Convenience, Medical, Salon, Home Décor, Tanning Spa, Grocery, and Donuts/Coffee
Major Tenants Include Tailgators, K&K Liquor Store, Topeka Chiropractic, Desi Delights Grocery, Paradise Donuts, Sunsations Spa & Tan, Create Hair Studio, and Cambridge Quartz & Granite
High Upside Potential Including:
Market to Market Rent Opportunity:
Well-Below Market Rents Averaging Only $11.85/SF
36% of GLA/5-Tenants Lack Option Terms
WALT Only 1.63-Years
No Tenants Have More Than 1 Option Term Remaining (Spans 3 to 5 Year Terms)
Immediate Backfill Opportunities
Currently Two Spaces Available for Immediate Lease-Up – Including: • Sherwood Animal Clinic – Business Winding Down After Recent Passing of Owner (2,311 SF of End-Cap Space –
Ability to Install Drive-Thu
Suite #110 – Cambridge Quartz & Granite Relocated From This Space in 2025 Measures 2,541 SF
Seller Offering Master-Lease Oppurtunities on Both Spaces to Guarantee Rent for Period of Time – Ask Broker for Details
Favorable NNN Lease Structures | Recapture of Tax, CAM, Insurance Expenses | 3rd Party Management Fees Reimbursed by Tenants | Minimal Landlord Responsibilities
Strategic Development Situated Away from Competing Retail Corridors | Caters Extremely Well to Neighborhoods | Zoning Restrictions and Lack of Developable Land Creates High Barriers to Entry for Future Competition
Situated at Hard Corner/Roundabout Seeing Over 17,935 Vehicles Per Day
Dense & Mature Demographics | Population Counts of 5,115within 1-Mile, 38,616 within 3-Miles, and 79,640 within 5-Miles | Average Household Income in Excess of $103,000
Major Employers in Topeka Include: State of Kansas, Mars Wrigley (Invested Over $750m In Topeka Over Last 10-Years), BNSF Railway, CoreFirst Bank & Trust, Goodyear, Frito-Lay, Evergy, and University of Kansas Health Systems”
Topeka is the State Capital of Kansas | 37th Most Populus City in the United States | Less Than an Hour From Kansas City MSA