Building Details

Year Built 2000

Tenancy Single

Listing Agency: Marcus & Millichap - Los Angeles

Listed By: Jason Fefer · License #CA 02100489 Show Phone

Source: Crexi

Added: May 5 Changed: Aug 28 Last Checked: Sep 1 at 4:35AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap is pleased to offer a freestanding Pizza Hut located at 126 W 14th Street in Larned, Kansas. The property includes a 3,436 SF building, constructed in 2000, situated on a 10.61-acre parcel. The asset is leased under a franchisee-guaranteed NNN structure, with approximately 13 years remaining and 1.5% annual rent increases. Annual NOI is listed at $68,313.

The restaurant is positioned along U.S. Highway 56, described as the city’s primary commercial corridor and a key regional connector across central Kansas. The offering emphasizes long-term tenancy supported by an experienced Pizza Hut franchisee and a stable operating profile within the local trade area.

Key Highlights

• $68,313 annual NOI backed by a franchisee‑guaranteed NNN lease with 13 years remaining
• Built in 2000: freestanding Pizza Hut with a 3,436 SF building
• Located along U.S. Highway 56, the city’s primary commercial corridor

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon HVAC Service Pharmacy Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

30k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 62% Shops & Services 38%

Larned Shops & Services

9,389 visits/mo 0.4 miles

SONIC Drive In Dining

8,944 visits/mo 0.0 miles

Taco Bell Dining

5,249 visits/mo 0.1 miles

BMO Harris Bank Shops & Services

2,273 visits/mo 0.1 miles

Pizza Hut Dining

2,259 visits/mo 0.1 miles

Demographics for 67550, KS

5,270

Population

2,424

Households

2.2

Avg Household Size

42

Median Age

18%

College-Educated

89%

High-School Grad

304.2 sq mi

ZIP Area

17

Density / Sq Mi

$64,470

Median Household Income

$36,154

Median Earnings

$811

Median Rent

$111,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

NNN property - Freestanding Pizza Hut building on 10.61 acres with a franchisee-guaranteed NNN lease and 13 years remaining.

Where is this nnn property located?

The property is located at 126 West 14th Street Larned, KS.

What is the asking price?

The asking price for this property is $955,427.

What are key features of this property?

This property features: $68,313 annual NOI backed by a franchisee‑guaranteed NNN lease with 13 years remaining; Built in 2000: freestanding Pizza Hut with a 3,436 SF building; Located along U.S. Highway 56, the city’s primary commercial corridor