- 100% Occupied 14,968 Square Foot Neighborhood Center in Topeka, Kansas
- High End Construction Built in in 2009 | Situated on 1.91 Acres | Offered Well Below Replacement Cost
- Favorable NNN Lease Structures | Full Recapture of Tax, CAM, Insurance Expenses | 3rd Party Management Fees Reimbursed by Tenants | Minimal Landlord Responsibilities
- Strong Mixture of Diversified, Ecommerce-Proof Tenants | National, Regional and Local Brands | Banking, Restaurant, Food, Salon, Entertainment, and Insurance
- Major Tenants Include CoreFirst Bank, Great Clips, Papa John’s, 8 Iron Therapy, Yolk House, and State Farm
- Anchored by CoreFirst Bank | Headquartered in Topeka | Occupied Space Since Original Construction | Includes Dual Lane Drive-Thru | 57% Deposit Growth Since 2019
-Recent Lease Signings | Major Upgrades to Tenant Base | Papa John’s Brand-New 10-Year Lease | Yolk House Brand-New Lease | Modest Rent Levels
- Weighted Average Lease Term Remaining of Over 4.75-Years | Majority of Tenant have Base-Term Contractual Rent Bumps | Strong NOI Growth Over Time
- Modest Rent Levels Averaging Only $12.01/ SF NNN | Staggered Lease Expirations & Prominent Rental Bumps in All Options
- 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
- Hard Corner/Signalized Intersection Location Seeing Over 17,460 Vehicles Per Day
- Dense & Mature Demographics | Population Counts of 4,818 within 1-Mile, 27,715 within 3-Miles, and 68,352 within 5-Miles | Average Household Income in Excess of $89,508
- Major points of Interest in the Immediate Vicinity Include Bettis Sports Complex, Lake Shawnee, Dollar General, Sonic, Great Clips, and an Array of Food Providers
- Topeka is the State Capitol of Kansas | 37th Most Populous City in the United States | Less Than an Hour From Kansas City MSA