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Property profile & analytics
OFF-MARKET
Drive through restaurants

2723 Broadway St Pittsburg, KS 66762-2624

1,593 SF 1 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
Property ID
US33-1367262
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 1,593 square foot Burger King in Pittsburg, Kansas. Built in 2018, this property boasts a 20-year absolute NNN lease with 14 years remaining, featuring annual rent increases of 1.25%. The franchisee tenant, Kansas King Inc., demonstrates a strong operational track record. Located on N. Broadway Street, a high-traffic corridor (10,700 vehicles daily), the property benefits from its proximity to a Walmart Supercenter and other major national retailers. The property's strong performance is evidenced by a 6.53% cap rate and a net operating income (NOI) of $143,651. The location near Pittsburg State University (approximately 6,500 students) further enhances its appeal. This prime retail location, with its established tenant and favorable lease terms, presents a compelling investment opportunity with significant long-term potential. The property sits on a one-acre lot and is ranked in the top 81% of stores for foot traffic in Kansas (per Placer.AI). The asking price is $2,200,000, translating to $1,381.04 per square foot. The property's strategic location and strong tenant history make it an attractive addition to any investment portfolio.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2018
Construction FRAME
Total area 1,593 SF
Lot 1 ac (43,560 SF)
APN 204-18-0-10-01-014.00-0
UPID US33-1367262
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
2723 N BROADWAY LLC
2723 N BROADWAY LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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