Topeka, KS
Price: $2,275,000
Cap Rate: 7.26%
Status: AVAILABLE

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North Valley Shopping Center
1835 NW Topeka Blvd | Topeka, KS 66608

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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.

  • Located in Topeka, the state capital of Kansas
  • Priced below replacement cost at $118/SF
  • NNN leases allow for passive ownership and NOI includes a 5% vacancy and management fee of $29,224
  • E-Commerce resistant tenants include a dental office, two restaurants, and a hair salon
  • 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
  • Positioned 2.5 miles north of the Kansas State Capitol building
  • Located along NW Topeka Blvd which is the primary north thoroughfare in Topeka and 1.5 miles north of Interstate 70
  • South end-cap suite features an in-place wrap-around drive-thru that can be utilized in the future
  • Ample parking (92 parking spaces)
  • Approximately 70,000 people living within five miles with average annual household incomes in excess of $77K
  • Value-add opportunity with 6.27+ acres of separately parceled developable land (zoned I-1 industrial & outdoor storage) included with the sale

OFFERING SUMMARY

Price: $2,275,000
Cap Rate: 7.26%

Building Size: 19,200 SF
Land Size:
2.25 AC

INVESTMENT CONTACT

SHAWN DICKMANN
Associate
Investment Sales
720.828.8310
Shawn@BlueWestCapital.com

ROBERT EDWARDS
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

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2022-03-24T10:25:38-07:00
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