110 Frontview StDodge City, KS 67801

  • Drive through restaurants
  • 2,873 SF
For Sale
$1,539,000 View listing

Property Details for 110 Frontview St

Year built
1978
Lot size
0.59 AC
Property size (Sq ft)
2,873 SF
Property type
Drive through restaurants
APN
086-14-0-40-17-004.00-0
APU
861404017004000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 110 W Frontview St, Dodge City, Kansas, 67801. The property boasts a prime location with seamless access to US Highway 50, ensuring high visibility and convenient access for customers. The 2,818 square foot building, constructed in 1992, sits on a 0.6-acre lot and features a drive-thru for added convenience. Currently operating at 100% occupancy, the property offers a strong, stable income stream with a brand new 15-year lease in place, featuring 1.5% annual rent increases. The asking price is $1,539,000, representing a compelling $546.13 per square foot and a 6.50% cap rate based on a current Net Operating Income (NOI) of $100,032. This is a rare opportunity to acquire a well-established, nationally branded, fast-food restaurant with a long-term lease and significant upside potential. The property is a single-story building and represents a low-maintenance, passive income investment. The strong tenant history and favorable lease terms make this an attractive addition to any portfolio seeking consistent returns. This is a turnkey investment ready for immediate cash flow. The property's location in Dodge City, Ford County, Kansas offers excellent access to a substantial customer base.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $502,167
    6.5%
    $463,539
    7%
    $430,429
  • Comparable approach

    Method
    Valuation
    Relative Method
    $260,460
    Geo Method
    $359,507
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $898,972
    Mixed-Use / Specialty
    $463,896
    Hospitality / Lodging
    $342,963
    Office
    $463,234
    Institutional / Educational
    $482,983
    Residential Income
    $565,091
    Multifamily
    $666,596
    Automotive / Energy
    $413,986
    Parking / Income-Based Land
    $140,876
    Restaurant / Food Service
    $245,566
    Healthcare / Senior Housing
    $473,656

Location Insight

City
Dodge City
County
Ford
State
Kansas
Latitude
37.7807
Longitude
-100.017
CBSA code
19980
CBSA name
DODGE CITY, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,839
$13,080
$65,033
$78,113
-
$52,320
$260,130
$312,450

FAQs

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