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Wanamaker Crossing II 5 Retail Properties Offered at $9,500,000 in Topeka, KS
INVESTMENT HIGHLIGHTS
- High Demand Location | Concentration of compatible retailers
- Diversified Tenant Base | Well distributed across uses & size
- Convenient Accessibility | I-70 & I-470 proximity to Wanamaker Road
- Tenant Longevity | 18.3 Year Average Tenancy for 73% (NRA)
- Exceptional Condition | Built in 2004-06 Mitigated capex risk
- Attractive Economics Long-term | NNN Structure
EXECUTIVE SUMMARY
Crossroads Real Estate Group is pleased to present the exclusive listing of Wanamaker Crossing II, a premier retail investment opportunity in Topeka, Kansas. Wanamaker Crossing II provides investors with reliable, predictable cash flow thanks to a balanced tenant roster composed of nationally recognized and strong regional operators, while featuring limited short-term rollover risk.
Five buildings comprise the shopping center’s 34,353 square-feet of net-rentable area. The tenant roster’s mix of strong local and high-profile retailers including Starbucks, Jason’s Deli, On the Border, Buffalo Wild Winds, Cold Stone Creamery and regional concepts – Smallcakes and Izumi Sushi & Hibachi.
Ideally situated within Topeka’s dynamic Wanamaker Road commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub for the broader Topeka area, the Wanamaker Road corridor draws customers from across the city and surrounding counties. This established trade area benefits from the region’s steady population growth, expanding employment base, and concentration of national retailers.
Five buildings comprise the shopping center’s 34,353 square-feet of net-rentable area. The tenant roster’s mix of strong local and high-profile retailers including Starbucks, Jason’s Deli, On the Border, Buffalo Wild Winds, Cold Stone Creamery and regional concepts – Smallcakes and Izumi Sushi & Hibachi.
Ideally situated within Topeka’s dynamic Wanamaker Road commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub for the broader Topeka area, the Wanamaker Road corridor draws customers from across the city and surrounding counties. This established trade area benefits from the region’s steady population growth, expanding employment base, and concentration of national retailers.
PROPERTY FACTS
| Price | $9,500,000 | Number of Properties | 5 |
| Price / SF | $282.39 / SF | Individually For Sale | 0 |
| Cap Rate | 7.17% | Total Building Size | 33,642 SF |
| Sale Type | Investment | Total Land Area | 22.30 AC |
| Status | Active |
| Price | $9,500,000 |
| Price / SF | $282.39 / SF |
| Cap Rate | 7.17% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 33,642 SF |
| Total Land Area | 22.30 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Wanamaker Crossing II
1223 SW Wanamaker Rd, Topeka, KS 66604 |
Retail | 7,500 SF | 2004 | - |
| 1227 SW Wanamaker Rd, Topeka, KS 66604 | Retail | 7,200 SF | 2005 | - |
|
Wanamaker Crossing
6121 SW 12th St, Topeka, KS 66615 |
Retail | 7,200 SF | 2006 | - |
| 1231 SW Wanamaker Rd, Topeka, KS 66604 | Retail | 6,636 SF | 2004 | - |
|
On The Border
1235 SW Wanamaker Rd, Topeka, KS 66604 |
Retail | 5,106 SF | 2005 | - |
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Wanamaker Crossing II
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