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    600 11Th St Hugoton, KS 67951

    For Sale
    $1,351,112

    Prime QSR location, strong tenant, high ROI.

    Property size:
    2,701 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut restaurant located at 600 E 11th St, Hugoton, Kansas, 67951. The property boasts a 2,701 square foot building situated on a 0.5-acre lot, constructed in 1977. Currently operating at 100% occupancy, the lease features a substantial remaining term of 14.7 years, providing long-term stability and predictable cash flow. The annual rent escalates at a favorable 1.50% rate, ensuring consistent growth in rental income. The property's Net Operating Income (NOI) is $87,822, yielding an attractive 6.50% cap rate. The asking price is $1,351,112, translating to a price per square foot of $500.23. This investment is characterized by its strong tenant, Pizza Hut, a nationally recognized brand, and its excellent visibility and accessibility within the Hugoton market. The property is a single-story building, offering ease of management and maintenance. This is a rare opportunity to acquire a stable, high-performing net lease property with significant long-term potential. The property's location in Stevens County, Kansas, provides a solid foundation for continued success. The absolute NNN lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers.

    Property Features for 600 11Th St

    General Information

    Property type
    Restaurants
    Square Feet
    2,701 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1977
    Buildings
    1
    Stories
    1

    HighLights

    • $1,351,112 asking price for this net‑leased Pizza Hut.
    • Absolute NNN lease with 14.7 years remaining.
    • 2,701 square feet on a 0.5‑acre lot, generating $87,822 in NOI.
    • 6.50% cap rate with a price per square foot of $500.23.
    • 100% occupancy with 1.5% annual rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery Finishing Touches Flooring Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hugoton
    County
    Stevens
    State
    Kansas
    Longitude
    -101.3380091
    Latitude
    37.1701882

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    FAQs

    What type of property is this?
    Restaurant - Prime QSR location, strong tenant, high ROI.
    Where is this restaurant located?
    The property is located at 600 11Th St Hugoton, KS.
    What is the asking price?
    The asking price for this property is $1,351,112.
    What are key features of this property?
    This property features: $1,351,112 asking price for this net-leased Pizza Hut.; Absolute NNN lease with 14.7 years remaining.; 2,701 square feet on a 0.5-acre lot, generating $87,822 in NOI.
    Request Owner's contact information
    600 11Th St Hugoton, KS 67951
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    Hugoton, KS 67951
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 11Th St Hugoton, KS 67951
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