Blue West Capital is pleased to exclusively offer for sale a net lease multi-tenant shopping center in Topeka, Kansas, the state capital of Kansas. North Valley Shopping Center is priced below replacement cost and the NNN leases allow for passive ownership. The NOI includes a 5% vacancy and management fee of $29,224. North Valley Shopping Center is 100% leased with e-commerce resistant tenants including a dental office, two restaurants, and a hair salon.
North Valley Shopping Center is located along NW Topeka Boulevard which is the primary north thoroughfare in Topeka and 1.5 miles north of Interstate 70. The property is located within a retail trade area that includes Walmart Supercenter, Dillons, ALDI, Walgreens, McDonald’s, Taco Bell, AutoZone, Advance Auto Parts, and many other national and local retailers. The Kansas State Capitol building is located 2.5 miles north.