2723 Broadway StPittsburg, KS 66762

Property Details for 2723 Broadway St

Year built

2018

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

1,593 SF

Property type

Drive through restaurants

APN

204-18-0-10-01-014.00-0

APU

2041801001014000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $420,711

  6.5%

  $388,348

  7%

  $360,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,147

  Geo Method

  $287,147

• Alternative Use

  Use

  Valuation

  Residential

  $327,586

  Hospitality

  $300,067

  Educational

  $249,653

  Medical

  $258,238

  Retail

  $388,348

Location Insight

City

Pittsburg

County

Crawford

State

Kansas

Latitude

37.4346

Longitude

-94.7056

CBSA code

38260

CBSA name

PITTSBURG, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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