Property History
11.75+ Years remaining on an absolute triple-net lease (NNN) with an upcoming 7.50% rent increase in 2027. The lease features zero landlord responsibilities and four five-year renewal options.
In 2017, the original building was scraped and replaced with the latest prototype Burger King restaurant. The tenant executed a new 20-year lease once construction was complete. The Lease is coterminous with the respective franchise agreement.
In 2023, Kansas King took over as the tenant, they’re an experienced regional Burger King Franchisee who operates 36 locations.
The subject property is situated at the signalized intersection of SW 37th St & SW Topeka Blvd, which sees a combined 31,000+ VPD. The property is accessible along 37th St and Topeka Blvd. The intersection is half a mile north of the Kansas Turnpike (I-470) which connects southern Topeka to I-70.
The subject property lies within an industrial and retail corridor surrounded by residential neighborhoods. 51,787 households are within a 5-mile radius of the subject property.
Topeka is the capital city of Kansas and county seat of Shawnee County. With a population of 127,680, it is the 5th largest city in the state.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
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Comparable Properties
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