813 Oklahoma Ave Ulysses, KS 67880-2346
- Drive through restaurants
- 2,880 SF
- 0.60 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Takeout / Pizza Delivery
Property Details for 813 Oklahoma Ave
- Year built
- 1970
- Lot size
- 0.60 lot acres
- Property size
- 2,880 SF
- Property type
- Drive through restaurants
- APN
- 034-068-33-0-10-01-002.00-0
- APU
- 340683301001002000
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 813 W Oklahoma Ave, Ulysses, KS 67880. The property boasts 3,626 square feet on a 0.61-acre lot, built in 1992, and enjoys a prime retail corridor location directly off U.S. Highway 160, ensuring excellent visibility and accessibility. Currently operating at 100% occupancy, the property offers a strong net operating income (NOI) of $103,186, translating to a compelling 6.50% cap rate. The asking price is $1,587,470, representing a price per square foot of $437.80. The lease features a remaining term of 14.7 years with attractive 1.50% annual rent bumps, providing consistent and predictable income growth. This is a rare opportunity to acquire a well-established, nationally branded, and passively managed investment property in a desirable location. The property consists of a single, one-story building. The investment highlights include the strong tenant, long lease term, and prime highway visibility. This is an ideal addition to any diversified real estate portfolio seeking stable, long-term returns. The property is categorized as QSR/Fast Food and Restaurant.
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
- Ulysses
- County
- Grant
- State
- Kansas
- Longitude
- -101.367
- Latitude
- 37.5761
