2650 9th St Salina, KS 67401

This exceptional investment opportunity presents a fee-simple, 4,212 square foot Burger King located at 2650 S 9th St, Salina, KS 67401. The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $130,236. Built in 1997 and renovated in 2017, this single-tenant property operates under an absolute NNN lease with Kansas King Inc., a franchisee with a proven track record. The current lease, commenced August 17, 2016, has approximately 11.6 years remaining, extending to June 30, 2036. The lease includes four, five-year renewal options with a 7.5% rent increase every five years. The property sits on a 0.68-acre lot in a high-traffic area, less than 2.5 miles from Salina Regional Airport and less than one mile from Central Mall, surrounded by national retailers such as Kohl's, Goodwill, and Dick's Sporting Goods. The average household income within one mile is $79,000, and the population within five miles exceeds 47,000. This prime location, coupled with the long-term lease and built-in rent increases, makes this a compelling investment opportunity with significant potential for future growth. The asking price is $2,005,000, representing a price per square foot of $476.02. The property's high occupancy rate of 100% further underscores its stability and profitability.