114 1St StLiberal, KS 67901

Property Details for 114 1St St

Year built

1955

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,220 SF

Property type

Gas stations

APN

193-05-0-10-14-002.00-0

APU

1930501014002000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 114 W 1st St, Liberal, Kansas, 67901. The property boasts a strong 14.7 years remaining on the lease, ensuring consistent cash flow with annual rent increases of 1.5%. The 2,280 square foot building sits on a 0.09-acre lot in a dense retail corridor, guaranteeing high visibility and customer traffic. Built in 1955, this one-story structure currently enjoys 100% occupancy. The property offers a compelling investment profile with a 6.50% cap rate and a Net Operating Income (NOI) of $80,424, based on an asking price of $1,237,000 ($542.54 per square foot). This is a rare opportunity to acquire a well-established, passively managed investment with a long-term, secure lease in a thriving retail area. The property's location in Seward County, Kansas, provides excellent access to local consumers and benefits from the consistent performance of a nationally recognized brand. The annual rent escalations further protect against inflation and enhance the long-term value of this investment. This is an ideal addition to any diversified real estate portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $446,243

  6.5%

  $411,916

  7%

  $382,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $487,669

  Geo Method

  $673,118

• Alternative Use

  Use

  Valuation

  Residential

  $347,467

  Hospitality

  $318,278

  Educational

  $264,803

  Medical

  $273,910

  Retail

  $411,916

Location Insight

City

Liberal

County

Seward

State

Kansas

Latitude

37.0382

Longitude

-100.924

CBSA code

30580

CBSA name

LIBERAL, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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