Retail    

Dutch Bros

 5941 SW 17th Street, Topeka, KS 66604

Asking Price

$2,066,038

Cap Rate

5.30%

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Year Built

2023

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Abs NNN

Lease

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Excellent

Retail Synergy

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Guaranty Type

Corporate

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • 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, 2023, Dutch Bros had 754 locations. The company has plans in place to open a total of 150 stores in 2023.
  • Absolute NNN Lease
  • Great Traffic - 26k+ Combined VPD at nearby intersection of SW Wanamaker Rd & SW 17th St.
  • “Top Emerging Housing Markets” – WSJ/Realtor Ranked No. 7 on the Summer 2023 Emerging Housing Markets Index issued jointly by The Wall Street Journal and Realtor.com®. This is the 2nd time that Topeka has been on the WSJ “emerging market” list in 2023 and the 4th 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.

Exclusively Listed By

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      (858) 877-9847

Chad Byerly

Senior Vice President

KS Broker #BR00236011

Northmarq

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