114 1St St Liberal, KS 67901
- Gas stations
- 2,220 SF
- 0.09 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Restaurant / Pizza Takeout
Property Details for 114 1St St
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 2,220 SF
- Property type
- Gas stations
- APN
- 193-05-0-10-14-002.00-0
- APU
- 1930501014002000
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 114 W 1st St, Liberal, Kansas, 67901. The property boasts a strong 14.7 years remaining on the lease, ensuring consistent cash flow with annual rent increases of 1.5%. The 2,280 square foot building sits on a 0.09-acre lot in a dense retail corridor, guaranteeing high visibility and customer traffic. Built in 1955, this one-story structure currently enjoys 100% occupancy. The property offers a compelling investment profile with a 6.50% cap rate and a Net Operating Income (NOI) of $80,424, based on an asking price of $1,237,000 ($542.54 per square foot). This is a rare opportunity to acquire a well-established, passively managed investment with a long-term, secure lease in a thriving retail area. The property's location in Seward County, Kansas, provides excellent access to local consumers and benefits from the consistent performance of a nationally recognized brand. The annual rent escalations further protect against inflation and enhance the long-term value of this investment. This is an ideal addition to any diversified real estate portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Liberal
- County
- Seward
- State
- Kansas
- Longitude
- -100.924
- Latitude
- 37.0382
- CBSA code
- 30580
- CBSA name
- LIBERAL, KS MICROPOLITAN STATISTICAL AREA
