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Walgreens | Topeka, KS 1001 SW Topeka Blvd 12,928 SF Retail Building Topeka, KS 66612 $2,672,000 ($206.68/SF) 9.50% Cap Rate
Investment Highlights
- Credit Tenant: Walgreens
- Essential Services Retailer - Walgreens
- Highway Accessibility - I-70 & US 75
- Located in the Capital of Kansas - Topeka
- Prominent Corner Retail Location
Executive Summary
Atlantic Capital Partners is pleased to present 1001 SW Topeka Blvd, a single-tenant retail property 100% leased to Walgreens, ideally located in Topeka, Kansas. The property is positioned at the signalized corner of SW Topeka Boulevard and SW 10th Avenue, benefiting from combined traffic counts approaching 30,000 vehicles per day, strong visibility, multiple points of ingress/egress, and sustained customer draw. Located within the Kansas state capital of Topeka, the trade area is supported by a stable employment base
anchored by government, healthcare, and education. This diversified economic foundation drives consistent population demand and durable spending, with a five-mile population exceeding 122,000 residents and average household incomes over $75,000.
anchored by government, healthcare, and education. This diversified economic foundation drives consistent population demand and durable spending, with a five-mile population exceeding 122,000 residents and average household incomes over $75,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,928 SF
Building Class
B
Year Built
1993
Price
$2,672,000
Price Per SF
$206.68
Cap Rate
9.50%
NOI
$253,887
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.22 AC
Opportunity Zone
Yes
Zoning
C4 - C-4 Commercial District
Parking
60 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
315’ on 10th Ave
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 109-31-0-30-15-001-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $617,800 |
Property Taxes
Parcel Number
109-31-0-30-15-001-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$617,800
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Walgreens | Topeka, KS | 1001 SW Topeka Blvd
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