The property is located in the prime retail commercial submarket of Topeka, Kansas on 21st Street
with visibility from both I-470 and 21st Street. Traffic counts for the intersection are 38,300
vehicles per day on I-470 and 20,840 on 21st Street . As indicated in the aerial included, Party City
is physically adjoined to a very successful PetSmart, both sharing a common wall and parking lot.
However, there is a separate plat and survey with specific parking lot ownership. The owner just
completed construction of a brand-new parking lot mill down and overlay along with new striping.
Party City and PetSmart are both part of the extensive retail district including Walmart, Target,
West Ridge Mall, West Ridge Shopping Center and more.
Party City Corporate lease guarantee
Single-tenant triple net lease – LL responsible for roof and structure
New ten (10) year lease expiring 6/30/29
Rent increase of 10% in year six of lease
Proven location – prime retail submarket
Delivered fee simple – free and clear of existing debt
