2605 SW 21St St Topeka, KS 66604
For Lease
1 / 5
This exceptional retail investment opportunity presents a well-maintained strip center totaling 28,956 square feet, situated at 2605 SW 21st St, Topeka, Kansas, 66604. The property, built in 1951 and zoned C-2 Commercial, features six individual suites ranging in size from 1,827 to 4,275 square feet, with two currently available for lease. The center benefits from a strong anchor tenant, Kwik Shop, ensuring consistent foot traffic and visibility. Its strategic location near Washburn University and the VA Hospital provides a substantial daytime population and excellent drive-by exposure, contributing to high traffic counts. This property offers a compelling investment prospect for businesses seeking high-traffic retail space in a well-established Topeka neighborhood. The property is located in Shawnee County and offers a prime opportunity for retail or office users seeking high visibility and access to a dense population. The existing tenant mix and the property's location near major institutions make this a stable and attractive investment. The property's size and layout offer flexibility for a variety of retail uses.
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PJ's Resell Discount Store
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Value Them Both Advocacy Group Volunteer Organization
This district is established to provide for those commercial activities which serve a major segment of the total community population
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
C2 · Topeka, KSThis district is established to provide for those commercial activities which serve a major segment of the total community population
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.