2025 SW Urish Rd - Storefront Retail/Office FOR SALE


Topeka, KS 66615
$3,095,000 USD
614-961-9943
2025 SW Urish Rd, Topeka, KS for Sale
$3,095,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 8% Cap Rate

NEW


2025 SW Urish Rd
Topeka, KS 66615


OVERVIEW

Urish Center | Tangible Upside | Below-Market Rents | Prime Location at Major Roundabout | Topeka • 20,602 Square Foot Strip Center | Topeka, Kansas | State Capital with Over 233k People • Major Upside Potential with High Going-In Yield • Offered Well Below Replacement Cost at $150 per Square Foot | High End Construction Built in in 2006 | Situated on Large 2.85 Acre Lot • Strong Mixture of Diversified, Ecommerce-Proof Tenants | Bar/Grill, Liquor & Convenience, Medical, Salon, Home Décor, Tanning Spa, Grocery, and Donuts/Coffee UPSIDE: • Market to Market Rent Opportunity: - Well-Below Market Rents Averaging Only $11.85 per Square Foot - 36% of GLA/Five Tenants Lack Option Terms - WALT Only 1.63-Years - No Tenants Have More Than One Option Term Remaining (Spans Three to Five Year Terms) • Immediate Backfill Opportunities: - Currently Two Spaces Available for Immediate Lease-Up – Including: - Sherwood Animal Clinic – Business Winding Down After Recent Passing of Owner (2,311 Square Feet of End-Cap Space – Ability to Install Drive-Thu - Suite #110 - Cambridge Quartz & Granite Relocated From This Space in 2025 Measures 2,541 SF • Seller Offering Master-Lease Opportunities on Both Spaces to Guarantee Rent for Period of Time - Ask Broker for Details • Steady/Guaranteed Income or Owner User Opportunity • Favorable Triple-Net Lease Structures | Recapture of Tax, CAM, Insurance Expenses | 3rd Party Management Fees Reimbursed by Tenants | Minimal Landlord Responsibilities • Dense & Mature Demographics | Population Counts of 5,115 within One Mile, 38,616 within Three-Miles, and 79,640 within Five-Miles | Average Household Income in Excess of $103,000

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Urish Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

111

LAND DETAILS

LAND ACRES

5.77 AC

LAND SF

251,341 SF

ZONING

RR1

APN/PARCEL ID

143-06-0-40-01-007-000

ASK ABOUT THIS PROPERTY

Zachary TurnerMarcus & MillichapMore Info
614-961-9943

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Zachary TurnerMarcus & MillichapMore Info
614-961-9943

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.