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Property profile & analytics
FOR LEASE
Strip malls

2050 NW Topeka Blvd Topeka, KS 66608

20,340 SF 15.07 ac lot Built 1974
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US33-0977293
Property summary
AI-generated overview

Topeka Commons, located at 2050 NW Topeka Blvd, Topeka, KS 66608, presents a compelling investment opportunity. This 127,357 square foot retail power center sits on a 12.6-acre lot, strategically positioned at the intersection of Topeka Blvd and Lyman Rd in Shawnee County. Built in 1972, the property boasts 9 suites with a current vacancy of 2,100 square feet, offering immediate potential for new tenants. The center provides ample parking with 600 spaces and benefits from excellent visibility due to its location on a busy thoroughfare. Current tenants include a diverse mix of local, regional, and national businesses such as Westlake Hardware Store, Dollar General, Dollar Tree, Capitol Federal Bank, Mr. Goodcents, and Weller's Bar & Grill. The property's C4 zoning allows for a variety of retail, restaurant, and office uses. The high-traffic area surrounding Topeka Commons is home to other successful national retailers including McDonald's, Dairy Queen, Walgreens, and Wendy's, further demonstrating the strong retail potential of this location. This property offers a unique opportunity to acquire a well-established retail center in a thriving commercial area. The property features no elevators.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Total area 20,340 SF
Lot 15.07 ac (656,449 SF)
Zoning code C4
APN 104-20-0-20-02-004.00
UPID US33-0977293
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Westlake Ace Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Hughson Ventures LLC · 4 yrs held
Hughson Ventures LLC
since 2022
2 recorded transactions
2022
Price N/A
2013
Price N/A
Zoning & alternative use
C4 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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