6100 SW 10TH ST Topeka KS 66615-3857

Corporate Hooters | Brand New 20yr Absolute NNN Lease

Graystone Capital Advisors are pleased to exclusively list for sale this Corporate Guaranteed Hooters restaurant located in Topeka, KS. The lease is a passive absolute-net lease with 20 years remaining, 10% increases every 5 years, including the two, 5-year options to extend. The property sits with excellent access to I-70 and I-470 and is part of an extensive retail corridor.


Topeka is the capital city of Kansas and the seat of Shawnee County. It is along the Kansas River in the central part of Shawnee County, in the northeastern part of the state. As of the 2020 census, the population of the city was 126,587 making it the fourth-largest city behind Wichita, Overland Park, and Kansas City.

Retail rents in the Topeka Market were rising at a 3.1% annual rate during the third quarter and have posted an average annual gain of 1.9% over the past three years. Vacancies in the metro were below the 10-year average as of the end of the same quarter. The vacancy rate has continued to trend down over the past four quarters. Nonfarm payrolls were virtually unchanged over the past year.

Newly passed legislation on Sports Betting in Kansas, we believe, will have a very positive effect on this already successful location due partnerships with websites like Draft Kings and Points Bet.

Investment Highlights:

Corporately Guaranteed Hooters

20-Year Absolute-Net Lease - Zero Landlord Responsibilities

10% Rental Increases Every 5 Years, Providing a Hedge Against Inflation

Easily Accessible Location in Highly Populated Affluent Area
Immediate Access to I-70 - A Major East-West Interstate Highway

Average Household Income of $81,025 within a 3-Mile Radius of Site
36,290 Residents within a 3-Mile Radius of the SiteIn Dense Retail Corridor, including Walmart, Sam’s Club, Home Depot, Lowe’s, Best Buy, ALDI, Buffalo Wild Wings, Chick-fil-A, McDonald’s, Burger King, Starbucks, and Many More

Corporate Hooters | Brand New 20yr Absolute NNN Lease

Graystone Capital Advisors are pleased to exclusively list for sale this Corporate Guaranteed Hooters restaurant located in Topeka, KS. The lease is a passive absolute-net lease with 20 years remaining, 10% increases every 5 years, including the two, 5-year options to extend. The property sits with excellent access to I-70 and I-470 and is part of an extensive retail corridor.


Investment Highlights:

Corporately Guaranteed Hooters

20-Year Absolute-Net Lease - Zero Landlord Responsibilities

10% Rental Increases Every 5 Years, Providing a Hedge Against Inflation

Easily Accessible Location in Highly Populated Affluent Area
Immediate Access to I-70 - A Major East-West Interstate Highway

Average Household Income of $81,025 within a 3-Mile Radius of Site
36,290 Residents within a 3-Mile Radius of the SiteIn Dense Retail Corridor, including Walmart, Sam’s Club, Home Depot, Lowe’s, Best Buy, ALDI, Buffalo Wild Wings, Chick-fil-A, McDonald’s, Burger King, Starbucks, and Many More