1740 SW Wanamaker Rd - Freestanding FOR SALE


Topeka, KS 66604- Southwest Topeka
$2,390,000 USD
630-573-7015
1740 SW Wanamaker Rd, Topeka, KS for Sale
$2,390,000 USD
Freestanding - FOR SALE
1/4
null | 5.75% Cap Rate

1740 SW Wanamaker Rd
Topeka, KS 66604
Southwest Topeka


OVERVIEW

CBRE’s Net Lease Property Group is pleased to extend the opportunity to acquire fee-simple interest in a brand-new freestanding drive-thru CAVA restaurant in Topeka, KS. CAVA is on a 10-year corporately guaranteed lease that features four, five-year renewal options and attractive 10% rental increases every five years. The property is ideally positioned within Wanamaker Square, a hightraffic retail corridor anchored by nationally recognized tenants such as Hobby Lobby, DSW, Home Goods, Old Navy, Ulta Beauty, Five Below, Petco, Rally House and Skechers. The surrounding area is a dominant regional retail hub, with over 2.4 million annual visitors to Wanamaker Square alone, and includes major shopping destinations such as West Ridge Mall, West Ridge Plaza, and Plaza West. The immediate trade area is further enhanced by the presence of Walmart, Home Depot, Lowe’s, Sam’s Club, Best Buy, Menards, Target, and other top-tier retailers. CAVA (NYSE: CAVA) is the category-defining Mediterranean fastcasual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. CAVA is continuing to expand rapidly, with plans to open up to 68 new locations in 2025 alone and 1,000 restaurants by 2032. The company reported $984.3 million in revenue for 2024 and boasts an impressive average unit volume of $2.9 million

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$956 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.61 AC

LAND SF

505,527 SF

ZONING

C4

APN/PARCEL ID

142-04-0-30-07-001-010

ASK ABOUT THIS PROPERTY

630-573-7015

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630-573-7015

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