1625 Wanamaker Rd Topeka, KS 66604-3814
Property Lookup
Property profile & analytics
1625 Wanamaker Rd Topeka, KS 66604-3814
- Drive through restaurants
- 3,912 SF
- 1.51 lot acres
Property ID
US33-1050197
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chick-fil-A / Restaurant / Take-out & Catering
Property Details for 1625 Wanamaker Rd
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 1.51 lot acres
- Property size
- 3,912 SF
- Zone code
- C4
- Property type
- Drive through restaurants
- APN
- 143-05-0-10-02-001.05
- APU
- 143050100200105
Description
This exceptional investment opportunity presents a leased fee interest (land ownership) in a freestanding Chick-fil-A restaurant in Topeka, Kansas. The property boasts a 4,730 square foot building on a 1.51-acre lot, featuring a double drive-thru and ample 83-space parking. Built in 2010, the property benefits from a highly visible location at a signalized, hard corner intersection with over 30,000 vehicles passing daily. The current 15-year lease, commencing September 1, 2016, and expiring August 31, 2031, has approximately 6.8 years remaining, with six 5-year renewal options. The lease is an absolute NNN (triple net) structure, meaning zero landlord responsibilities. The tenant, Chick-fil-A, Inc., provides a corporate guarantee and has demonstrated long-term commitment with a planned 2023 remodel. The lease includes 10% rental increases every five years, ensuring consistent NOI growth and inflation protection. The property's strong location within a dense retail corridor, anchored by Kohl's and Barnes & Noble, and proximate to major interstates (I-70 and I-470), contributes to its high visibility and accessibility. The surrounding area boasts a robust demographic profile, with over 92,000 residents and 77,000 daytime employees within a 5-mile radius, and an average household income exceeding $96,000 within a 3-mile radius. The property's current NOI is $115,500, resulting in a 4.05% cap rate, and the asking price is $2,850,000 ($602.54 per square foot). The property is zoned C4: Commercial District and has an APN of 143-05-0-10-02-001.05. This is a truly exceptional, low-management investment opportunity with a strong tenant and significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Topeka
- County
- Shawnee
- State
- Kansas
- Longitude
- -95.7626
- Latitude
- 39.037
- CBSA code
- 45820
- CBSA name
- TOPEKA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$89,220
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
