126 14th St Larned, KS 67550-2102
- Drive through restaurants
- 3,151 SF
- 0.61 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 126 14th St
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 0.61 lot acres
- Property size
- 3,151 SF
- Property type
- Drive through restaurants
- APN
- 109-32-0-10-02-004.00-0
- APU
- 1093201002004000
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 126 W 14th St, Larned, KS 67550. The property boasts a strong national credit tenant with a remaining lease term of 14.7 years, providing long-term stability and predictable cash flow. Built in 2000, this 3,436 square foot building sits on a 0.61-acre lot and enjoys a 100% occupancy rate. The property benefits from its strategic location directly off 14th Street in a thriving fast-food corridor, near a signalized hard corner intersection. The current asking price is $1,061,000, representing a price per square foot of $308.79 and a compelling 6.25% cap rate. The annual net operating income (NOI) is $66,309, with built-in rent bumps of 1.50% annually, ensuring consistent growth in rental income over the lease term. This is a rare opportunity to acquire a well-positioned, high-performing QSR property with a national brand tenant in a desirable location. The property's strong fundamentals and favorable lease terms make it an ideal addition to any diversified investment portfolio. The property is a one-story building on a single lot. This is a net lease investment.
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
- Larned
- County
- Pawnee
- State
- Kansas
- Longitude
- -99.0997
- Latitude
- 38.1886
