Free-Standing Restaurant with
For Sale
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9100 Santa Fe Drive, Overland Park, KS 66212
Free-standing retail restaurant building with an operational drive-thru and 14 on-site parking spaces, fully leased to Pizza Hut.
Property Size1,921 SF
Price / SF$379.65
Days on Market55
Property Features for 9100 Santa Fe Drive
General Information
Standard status
Active
Size
1,921 SF
Total Parking Spaces
14
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$43,758
Additional Details
Business Included
Yes
Building Details
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Andrew Bogardus · License #CA 00913825
Source:
Crexi
Added: Jul 8
Changed: Aug 28
Last Checked: Aug 30 at 4:19PM
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 Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
Cushman & Wakefield is pleased to offer for sale a 1,921-square-foot free-standing retail building featuring an operational drive-thru and is fully leased to Pizza Hut. The property has been in operation since 2003 and includes 14 on-site parking spaces.
The drive-thru is fully operational as part of the existing restaurant configuration. The lease is guaranteed by Hut American Group, a wholly owned subsidiary of Flynn Group, the world’s largest Pizza Hut franchise operator.
This is a ready-to-occupy restaurant asset with drive-thru functionality already in place and ongoing tenancy secured under the existing lease structure.
The drive-thru is fully operational as part of the existing restaurant configuration. The lease is guaranteed by Hut American Group, a wholly owned subsidiary of Flynn Group, the world’s largest Pizza Hut franchise operator.
This is a ready-to-occupy restaurant asset with drive-thru functionality already in place and ongoing tenancy secured under the existing lease structure.
Key Highlights
- 1,921 SF free‑standing retail building with an operational drive‑thru
- Fully leased to Pizza Hut, in operation since 2003
- Drive‑thru remains operational
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,060
$520.1K
Cap Rate 7%
$371,471
$371.5K
Cap Rate 9%
$288,922
$288.9K
Market Conditions
NOI Build-Up for 1,921 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.9K $19.20/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$34.7K $18.05/SF
− OpEx
−$8.7K −$4.51/SF
NOI
$26.0K $13.54/SF
Area
Overland Park, KS
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,060
Cap Rate 7%
$371,471
Cap Rate 9%
$288,922
Alternative Uses
Best Use
Specialty Retail
$371.5K
$325.0K – $433.4K
NOI $26,003 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.0K
$433.1K – $577.5K
NOI $34,647 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 36%
Home Improvements & Furnishings 6%
Groceries 4%
QuikTrip
Shops & Services
31,395 visits/mo
0.5 miles
McDonald's
Dining
18,319 visits/mo
0.3 miles
SONIC Drive In
Dining
8,284 visits/mo
0.2 miles
Jason's Deli
Dining
7,708 visits/mo
0.3 miles
Westlake Ace Hardware
Home Improvements & Furnishings
6,289 visits/mo
0.1 miles
Demographics for 66212, KS
32,971
Population
15,217
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
7.6 sq mi
ZIP Area
4,338
Density / Sq Mi
$83,294
Median Household Income
$50,321
Median Earnings
$1,244
Median Rent
$283,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Free-standing retail restaurant building with an operational drive-thru and 14 on-site parking spaces, fully leased to Pizza Hut.
Where is this drive through restaurant located?
The property is located at 9100 Santa Fe Drive Overland Park, KS.
What is the asking price?
The asking price for this property is $729,300.
What are key features of this property?
This property features: 1,921 SF free‑standing retail building with an operational drive‑thru; Fully leased to Pizza Hut, in operation since 2003; Drive‑thru remains operational
