2050 NW Topeka Blvd Topeka, KS 66608
For Lease
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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.
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Westlake Ace Hardware Building Supply Hardware & Home Improvement
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C4 · Topeka, KSTopeka. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.