3301 SW Topeka Blvd
Topeka, KS
Price:
$1,190,000
Cap Rate:
6.00%
NOI:
$71,108
Building Size:
Approx. 3,099 Sq. Ft.
Lot Size:
Approx. 0.41 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
1985
Investment Overview
- 1985 Construction. 3,099+/- SF Building on 0.41+/- Acre Site
- Absolute NNN Lease with ~10% Rental Increases in Primary Term and Options, and (2) 4-Year Options to Renew
- Guaranteed by the Largest Jiffy Lube Operator – Team Car Care East, LLC, part of Team Car Care, is the Largest Operator and Franchisee of the Jiffy Lube Brand with 458 Locations Across 23 States
- Large Depreciation Benefits – The Fee Simple Lease Structure Provides Investors the Opportunity to Maximize Depreciation Benefits
- Excellent Visibility Along Topeka’s Primary Retail Corridor – the Site Fronts SW Topeka Boulevard (20,831± VPD)
- Surrounded by Many National Retailers – Next to Brand-New Chick-fil-A & Whataburger, and w/in 3 Mi. of Two Top 10 Walmart Locations in Kansas
- Topeka, KS | Capital of Kansas & 4th Largest City in the State | Population: 232,995+