Listed by Sands Investment Group Austin, Sands Investment Group
$951,972
Pizza Hut - Elkhart, KS (7.15% CAP)
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,416
Cap Rate 7.15%
NOI $68,066
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type NNN
Lease Term 14
Lease Expiration 01/31/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $394
Year Built 1975
Year Renovated 2025
Buildings 1
Acreage 0.970
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/01/2025
Top 20% Nationwide | Long-Term NNN Pizza Hut | Under $1M | Strong Operator (129-Units)
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 2,416 SF Pizza Hut located at 460 Highway 56 in Elkhart, KS. This asset is secured by 12+ years remaining on a Triple Net (NNN) Lease, offering zero landlord responsibilities and stable, passive income. The lease also features 1.5% annual rent increases, providing a built-in hedge against inflation and consistent rental growth. With a long-term lease in place and a nationally recognized tenant, this property presents investors with a stable and attractive net lease investment opportunity.
Investment highlights
- 12+ years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
- 1.5% annual rent increases, providing a healthy hedge against inflation and steady rent growth.
- Backed by Yum! Brands, Pizza Hut demonstrates stable revenue streams from its franchise model, with consistent systemwide sales in excess of $12 billion annually.
- With more than 19,000 locations in over 100 countries, Pizza Hut maintains a dominant presence in the QSR sector.
- Grand Mere Restaurant Group (GMRG) is a leading multi-unit restaurant operator with a growing portfolio of branded quick-service and fast-casual restaurant concepts across the United States. GMRG has over 129 locations across nine states.
- Strategically located on Highway 56, the main thoroughfare through Elkhart.
- With limited fast-food competition nearby and surrounded by multiple hotels and lodging options, this store benefits from out-of-town visitors. This location ranks in the top 96th percentile in the state of Kansas and the top 80th percentile nationwide (Placer.ai).
Listing Contacts
Listed by Sands Investment Group Austin, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,066.00
$5,672.17/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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