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Year Built
2023
Abs NNN
Lease
Excellent
Retail Synergy
Guaranty Type
Corporate
INVESTMENT HIGHLIGHTS
Property Placed in 61st Percentile by Placer.Ai | 90th Percentile in Kansas | Only Location in 15-Mi Radius The Property is ranked in the 61st percentile of Dutch Bros locations nationwide by Placer.ai and in the 90th percentile in the state of Kansas, proving a successful location. Additionally, the Property is the only location in a 15-mile radius.
2023 Construction - The Dutch Bros brand is rapidly growing. The company has opened 301 new stores since the end of 2019, an 81% increase. As of June 30, 2024, Dutch Bros had 912 locations. The company has plans in place to open a total of 150-165 stores in 2024.
Absolute NNN Lease - The property features an Absolute NNN Lease that calls for 10% increases every 5 years in the base term and each renewal option.
Great Traffic - 26k+ Combined VPD at nearby intersection of SW Wanamaker Rd & SW 17th St.
“Top Emerging Housing Markets” – WSJ/Realtor Ranked No. 1 on the Fall 2023 Emerging Housing Markets Index issued jointly by The Wall Street Journal and Realtor.com®. This is the 3rd time that Topeka has been on the WSJ “emerging market” list in 2023 and the 5th time since October of 2021.
Excellent Retail Synergy -Pad site in Wanamaker Hill Shopping Center: Hobby Lobby, BB&B, Old Navy, DSW, PetCo, Five Below, Ulta Beauty. Across from West Ridge Mall.
Main Retail Hub of Topeka -West Ridge Mall, Menards, Lowe's, Walmart Supercenter, Sam's Club, and more.
Excellent Traffic Drivers - Central to prominent retail hub, with 1 high school and 4 assisted/senior living facilities, 7 hotels, and 1 healthcare center within a 1-mile radius.
West Ridge Mall -Under New LOCAL ownership as of 9/8/23. New owner aims to create a multipurpose concept mall, which would include office space, shopping, fine dining, and entertainment.
