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115 Sw 29th Street 105-115 SW 29th St 93,076 SF 91% Leased Retail Building Topeka, KS 66611 $4,300,000 ($46.20/SF) 9.95% Cap Rate
Investment Highlights
- Pad site opportunities for development
- Additional income from ATM and annual fireworks stand
- Traffic counts over 21,973 cars per day
- Well maintained shopping center with local ownership
- Attractive 9.95% CAP rate on existing income
Executive Summary
Four-tenant shopping center with longstanding tenants including Aldi, Dollar Tree, Capitol City Outlet, Washburn Academy of Cosmetics
93,039 SF on 8.18 acres
Pad site opportunities for development
Well-maintained shopping center with local ownership
Additional income from ATM and annual fireworks stand
Attractive 9.95% CAP rate on existing income
Traffic counts over 21,973 cars per day
93,039 SF on 8.18 acres
Pad site opportunities for development
Well-maintained shopping center with local ownership
Additional income from ATM and annual fireworks stand
Attractive 9.95% CAP rate on existing income
Traffic counts over 21,973 cars per day
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
93,076 SF
Building Class
B
Year Built/Renovated
1960/1999
Price
$4,300,000
Price Per SF
$46.20
Cap Rate
9.95%
NOI
$427,850
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.26
Lot Size
8.18 AC
Zoning
I1
Parking
300 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
620’ on 29th St
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 109
- 8,039 SF
- Retail
- -
- Aug 2026
| Space | Size | Space Use | Position | Available |
| 109 | 8,039 SF | Retail | - | Aug 2026 |
109
| Size |
| 8,039 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Aug 2026 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 134-18-0-20-02-002-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $930,450 |
Property Taxes
Parcel Number
134-18-0-20-02-002-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$930,450
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115 Sw 29th Street | 105-115 SW 29th St