• 2010 SW Westport Dr, Topeka, KS 66604

For Sale

Retail

For Sale

This property is available for sale
0.32
Acres
$1,995,000
Sale Price
  • Overview

    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

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Property Details

2010 SW Westport Drive - Party City

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

  • Property Type
    Retail
  • Sale Price
    $1,995,000
  • Total Acres
    0.32
  • Cap Rate
    7.0%
  • Number of Floors
    1
  • Last updated
    Jul 01, 2020
  • Property ID
    2119101

Landlord's Sales Representative

  • Drew Quinn
    Colliers | Kansas City