For Sale
$1,587,470

813 Oklahoma Ave Ulysses, KS 67880

High-Yield Pizza Hut Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • Prime retail location directly off US Highway 160.
  • Excellent visibility and accessibility.

Property Details for 813 Oklahoma Ave

Property type
Retail properties, Restaurants
Square Feet
3,626 SF
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Ulysses
County
Grant
State
Kansas
Latitude
37.5763825
Longitude
-101.3673294

FAQs

What type of property is this?
Retail property - High-Yield Pizza Hut Investment Opportunity
Where is the retail property located?
The property is located at 813 Oklahoma Ave Ulysses, KS.
What is the asking price?
The asking price for this property is $1,587,470.
What are key features of this property?
This property features: Prime retail location directly off US Highway 160.; Excellent visibility and accessibility.;
How can I contact the broker?
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813 Oklahoma Ave
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