offering memorandumdowntown topeka. it will feature choreographed fountains, a fire pit,...

OFFERING MEMORANDUM18,640 ADT

20,575 ADT

33,700 ADT

WEST RIDGE MALL OUTLOTS - TOPEKA, KS

SW W

annamaker R

d

17th Street

21st Street

SW W

annamaker R

d

THE OFFERING MARKET HISTORY MARKET TODAY MAPS DEMOGRAPHIC SUMMARY CONFIDENTIALITY AGREEMENT

TABLE OF CONTENTS

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JON BANNISTERVP, INVESTMENT SALES

[email protected]

PRESENTED BY:

WEST RIDGE MALL | PAD LOCATIONS | TOPEKA, KS

PARCEL #

1 14305040010010102 14305040010010703 14305040010010604 14305040010010505 14305040010011006 1430504001001090

PARCEL INFORMATIONSIZE

(ACRES)5.090.674.425.132.582.12

OVERVIEWVeritas Realty is pleased to presentthe opportunity to acquire 6 padsites surrounding West Ridge Mallin Topeka, KS. These pads can beacquired individually or as apackage, depending on the Buyer'spreference. West Ridge Mall has been thecenter of retail commerce inTopeka, KS for decades.Developments north and south onSW Wanamaker Rd have continuedto strengthen this retail corridorwith more plans in the works forfuture development. Today, SWWanamaker Rd and 21st Streetmake up the busiest corridor in themarket, seeing traffic of 18,640 and20,575 vehicles per day,respectively. The corridor is hometo many great retailers such asTarget, Walmart, Hobby Lobby,Menards, Ross Dress for Less,Sam's Club, PetCo, T-Mobile,Verizon, and many more.

THE OFFERING

WEST RIDGE MALL | PAD LOCATIONS | TOPEKA, KS 3

18,640 ADT

20,575 ADT

33,700 ADT

SW W

annamaker R

d

17th Street

21st Street

SW W

annamaker R

d

ASKINGPRICE

$ 77,602$ 116,741$ 673,873$ 670,388$ 28,096$ 23,087

SIZE(SQ FT)221,72029,185

192,535223,463112,38592,347

PRICEPSF

$ 0.35$ 4.00$ 3.50$ 3.00$ 0.25$ 0.25

One of the largest railroads in the United States, the Atchison,Topeka & Santa Fe, was chartered by the state of Kansas in1859, and organized in 1860. The brainchild of Topeka’s C.K.Holliday, construction of the railroad didn't actually beginuntil 1868, but soon Atchison became a hub, with eightrailroad lines terminating in the city by 1872. Commonlyknown as “The Santa Fe," the rail line was built from Topekato Santa Fe, New Mexico, and then on to the Gulf of Mexico.The railroad brought to bear its great influence on thesettlement of the southwestern United States.

Begun as a site to ferry wagon trains across the Kansas River todestinations out west, Topeka, Kansas, has remained atransportation hub for the southwestern United States. Locatedabout 60 miles west of Kansas City on Interstate 70, Topeka playeda leading role in the “Bleeding Kansas" territory before itsstatehood. Today Topeka, whose name springs from the Indianword for “potatoes," or “a good place to grow or find potatoes," isan important shipping point for cattle and wheat, and a wholesaling,marketing, and processing center for farm products. After working their ferry operations for several years, Joseph andLouis Papin decided to form a town in December 1854. Built as acrossroads for wagon trains heading to California along the OregonTrail, many buildings were hastily built the following spring, and thefirst two-story masonry building, which later became the home forthe free-state legislature, was erected. The Papin brothers operatedtheir ferry until a bridge was constructed in 1857.

MARKET HISTORY

4WEST RIDGE MALL | PAD LOCATIONS | TOPEKA, KS

MARKET TODAY

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In March of 2020 Evergy Plaza is set to come to the heart ofdowntown Topeka. It will feature choreographed fountains, a firepit, 30-foot-tall digital screen, and a 50-foot performance stagecomplete with production sound and lighting. Topeka is also hometo the NOTO Arts District. The North Topeka Arts District is a hugeattraction for many people who live in Topeka. The downtown artsscene is thriving with more than 3000+ people visiting each monthfor the Artsconnect First Friday Artwalk. NOTO has a wide rangeof different business that are flourishing and bringing life to theNorth Topeka area. Lake Shawnee is one of the top travel destinations in Kansas withmore than 1 million people visiting the lake each year. Some of theattractions include: Bettis Family Sports Complex, Lake ShawneeGolf Course, Adventure Cove, Fishing Docks, and Camp Grounds. Topeka is loaded with different unique options when it comes torestaurants and dining. Not only does Topeka have all of thestandard big chains, but the locally owned restaurants are a big hitfor us Topeka natives. The list is endless: Bobo’s, The Pennant,Iron Rail Brewery, Pizza Pub, PT’s Coffee, The Shack, Taco Villa,Speck’s, North Star Steakhouse, and The Burger Stand.

Topeka is known for its consistent low unemployment rate,sitting just above 3%. Being the state's capital city, Topeka'slargest employer is the State of Kansas, employing about 8,400people, or 69% of the city's government workers. Theeducational, health and social services industry makes up thelargest proportion of the working population (22.4%). The fourschool districts employ nearly 4,700 people, and WashburnUniversity employs about 1,650 people. Three of the largestemployers are Stormont-Vail HealthCare (4,500 employees), St.Francis Health Center (1,800 employees), and Colmery-O'Neil VAHospital (900 employees). The retail trade employs more than atenth of the working population (11.5%)with WalMart and Dillons having the greatest share. Nearlyanother tenth is employed in manufacturing (9.0%). The topmanufacturers include Goodyear Tire and RubberCompany, Hill's Pet Nutrition, Frito-Lay, and Jostens Printing andPublishing.


DISTANCE TO TOPEKA, KSMILES

2865

162255294310541

FROM1 Lawrence, KS2 Kansas City, MO3 Omaha, NE4 Des Moines, IA5 Oklahoma City, OK6 St. Louis, MO7 Denver, CO

MAPS


18,640 ADT

20,575 ADT

33,700 ADT

SW W

annamaker R

d

17th Street

21st Street

SW W

annamaker R

d

TOTALPOPULATION(10 MILES)

167,470

HOUSEHOLDINCOME AVG

(3 MILES)

$ 75,602

TOTALEMPLOYEES(10 MILES)

101,871

TOTALBUSINESSES(10 MILES)

7,165

DAYTIMEPOPULATION(10 MILES)

184,739

DEMOGRAPHIC SUMMARY


CONFIDENTIALITY AGREEMENT

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This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express furtherinterest in the acquisition of the Property. This Memorandum contains selected Information pertaining to the Property and does not purport tobe a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or partof the information which prospective investors may require to evaluate a purchase of real property. All financial projections and informationare provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions,competition and other factors beyond the control of the Owner and Glendale Properties, Inc. dba Veritas. Therefore, all projections,assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages,and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available tointerested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are describedin summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced.Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on thecontents of this Memorandum in any manner. Neither the Owner or Glendale Properties, Inc. dba Veritas, nor any of their respectivedirectors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy orcompleteness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of thisMemorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possiblepurchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest oroffers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a resultof review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or makingan offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, deliveredand approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of thisMemorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictestconfidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization ofthe Owner or Glendale Properties, Inc. dba Veritas . You also agree that you will not use this Memorandum or any of its contents in anymanner detrimental to the interest of the Owner or Glendale Properties, Inc. dba Veritas. If after reviewing this Memorandum, you have nofurther interest in purchasing the Property, kindly return this Memorandum to Glendale Properties, Inc. dba Veritas.


offering memorandumdowntown topeka. it will feature choreographed fountains, a fire pit,...

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