Pizza Hut Freestanding
New
For Sale
$1,438,653
813 W Oklahoma Ave, Ulysses, KS 67880
A long-term absolute NNN tenancy includes scheduled rent growth and four five-year extension options.
Property Size3,645 SF
Lot Size0.60 Acres
Price / SF$394.69
Days on Market2
Property Features for 813 W Oklahoma Ave
General Information
Standard status
Active
Size
3,645 SF
Lot size
0.60 Acres
Property subtype
Restaurant
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$107,899
Site & Location
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
7.5%
Amenities
Absolute NNN Lease | Zero Landlord Responsibilities
±16 Years Remaining | Four (4) 5-Year Renewal Options
1.5% Annual Rent Increases
7.50% CAP | $107,899 Annual Base Rent (as of Feb 2027)
Operated by Grand Mere Restaurant Group (±126 Units, 9 States)
Lease Guaranteed by GMRG ACQ 1, LLC
Frontage on W. Oklahoma Ave (US-160), Ulysses' Primary Commercial Corridor
Grant County Ranks #5 of 105 Kansas Counties in Ag Sales ($1.05B) and Anchors SW Kansas Dairy Growth
Building Details
Building Size
3,645 SF
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap | St. Louis
Listed By:
Dave Saverin · License #License(s) KS: 00249685
(314) 889-2555
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | St. Louis
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Investment Insights
Based on property information with market context.
This freestanding Pizza Hut restaurant occupies ±3,645 square feet on ±0.60 acres in Ulysses. The absolute NNN lease has approximately 16 years remaining through December 2042, four five-year renewal options, and 1.5% annual rent increases. The lease is guaranteed by GMRG ACQ 1, LLC, and the tenant is operated by Grand Mere Restaurant Group, a Pizza Hut franchisee with approximately 126 units across nine states.
The property fronts West Oklahoma Avenue, also designated U.S. Highway 160, near Kansas Highway 25. The 20-mile trade area has 8,304 residents and an average household income of $112,215. Local employers include USD 214, Pioneer Communications, and Bob Wilson Memorial Hospital.
The property fronts West Oklahoma Avenue, also designated U.S. Highway 160, near Kansas Highway 25. The 20-mile trade area has 8,304 residents and an average household income of $112,215. Local employers include USD 214, Pioneer Communications, and Bob Wilson Memorial Hospital.
Key Highlights
- Freestanding Pizza Hut on ±0.60 acres
- ±3,645‑square‑foot restaurant
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 18%
Home Improvements & Furnishings 17%
Casey's General Store
Shops & Services
11,794 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,012 visits/mo
0.4 miles
SONIC Drive In
Dining
5,802 visits/mo
0.3 miles
Big R
Home Improvements & Furnishings
5,367 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,703 visits/mo
0.4 miles
Demographics for 67880, KS
7,359
Population
2,980
Households
2.5
Avg Household Size
34
Median Age
26%
College-Educated
82%
High-School Grad
670.8 sq mi
ZIP Area
11
Density / Sq Mi
$73,229
Median Household Income
$48,764
Median Earnings
$704
Median Rent
$145,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A long-term absolute NNN tenancy includes scheduled rent growth and four five-year extension options.
Where is this conventional restaurant located?
The property is located at 813 W Oklahoma Ave Ulysses, KS.
What is the asking price?
The asking price for this property is $1,438,653.
What are key features of this property?
This property features: Freestanding Pizza Hut on ±0.60 acres; ±3,645‑square‑foot restaurant; Absolute NNN lease with zero landlord responsibilities
