2723 Broadway St Pittsburg, KS 66762-2624
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.
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Burger King Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.