1500 Wanamaker RdTopeka, KS 66604

Property Details for 1500 Wanamaker Rd

Year built

1988

Construction

FRAME

Lot size

1.12 AC

Property size (Sq ft)

3,992 SF

Zone code

PUD, C4

Property type

Turn key restaurants

APN

142-04-0-20-05-002.01

APU

142040200500201

Description

This exceptional Class A, 3,576 square foot Denny's restaurant is available for $1,050,000. Located at 1500 SW Wanamaker Rd in Topeka, Kansas (zip code 66604), this single-story building sits on a 1.12-acre lot within a thriving commercial corridor in Shawnee County. Boasting excellent visibility from SW Wanamaker Road and less than 0.20 miles from I-470, the property benefits from high traffic counts exceeding 20,200 vehicles daily. The building, renovated in 2021, features a prominent pole sign and enjoys strong co-tenancy with major big-box retailers and the 1 million square foot West Ridge Mall. The property is zoned PUD C-4 and is currently vacant, with an occupancy date of October 13, 2023. This is a rare opportunity to acquire a turn-key restaurant in a densely populated area with exceptional visibility and access. The lease type is NNN, and the property is offered as a value-add investment for an owner/user. The asking price equates to $293.62 per square foot. Don't miss this chance to own a piece of Topeka's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,018,812

  6.5%

  $940,442

  7%

  $873,267

• Comparable approach

  Method

  Valuation

  Relative Method

  $719,580

  Geo Method

  $719,580

• Alternative Use

  Use

  Valuation

  Residential

  $793,298

  Hospitality

  $726,656

  Educational

  $604,570

  Medical

  $625,362

  Retail

  $940,442

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0402

Longitude

-95.7612

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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