Burger King 3690 SW Topeka Blvd 2,800 SF Retail Building Topeka, KS 66611 $2,687,000 ($959.64/SF) 6% Cap Rate

INVESTMENT HIGHLIGHTS

  • Accessible along 37th St and Topeka Blvd
  • Situated at the signalized intersection of SW 37th St & SW Topeka Blvd
  • 51,787 households are within a 5-mile radius of the subject property

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to exclusively offer for sale a Burger King in Topeka, Kansas. 12+ Years remaining on an absolute triple-net lease (NNN) with an upcoming 7.50% rent increase in 2027. The lease features zero landlord responsibilities and four five-year renewal options.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,800 SF
Building Class
B
Year Built
1974
Price
$2,687,000
Price Per SF
$959.64
Cap Rate
6%
NOI
$161,230
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.07
Lot Size
0.96 AC
Zoning
C4 - Designed to support economic development and create vibrant commercial areas.
Parking
20 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
130’ on Topeka Blvd

NEARBY MAJOR RETAILERS

U.S. Bank
Crunch
Dutch Bros Inc.
Scooter's Coffee
Denny's
IHOP
Capitol Federal Savings Bank
Rent-A-Center

PROPERTY TAXES

  • Listing ID: 34235333

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 3690 SW Topeka Blvd, Topeka, KS 66611