600 11th St Hugoton, KS 67951-2912

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut restaurant located at 600 E 11th St, Hugoton, Kansas, 67951. The property boasts a 2,701 square foot building situated on a 0.5-acre lot, constructed in 1977. Currently operating at 100% occupancy, the lease features a substantial remaining term of 14.7 years, providing long-term stability and predictable cash flow. The annual rent escalates at a favorable 1.50% rate, ensuring consistent growth in rental income. The property's Net Operating Income (NOI) is $87,822, yielding an attractive 6.50% cap rate. The asking price is $1,351,112, translating to a price per square foot of $500.23. This investment is characterized by its strong tenant, Pizza Hut, a nationally recognized brand, and its excellent visibility and accessibility within the Hugoton market. The property is a single-story building, offering ease of management and maintenance. This is a rare opportunity to acquire a stable, high-performing net lease property with significant long-term potential. The property's location in Stevens County, Kansas, provides a solid foundation for continued success. The absolute NNN lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers.