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Pizza Hut | Absolute NNN Lease 126 W 14th St 3,436 SF Retail Building Larned, KS 67550 $955,427 ($278.06/SF) 7.15% Cap Rate
Investment Highlights
- Prime U.S. Highway 56 Location | Strong Visibility & Local Connectivity
- Established Franchisee Operator | Backed by a Global QSR Brand
- High-Yield Passive Investment Opportunity
- Long-Term Absolute NNN Lease With Built-In Annual Rent Growth
- Located in a Stable, Essential-Services Trade Area
Executive Summary
Marcus & Millichap is pleased to offer a freestanding Pizza Hut located at 126 W 14th Street in Larned, Kansas, a stable, long-term net-lease investment positioned along U.S. Highway 56, the city’s primary commercial corridor and a key regional connector across central Kansas. The property delivers $68,313 in annual NOI secured by a franchisee-guaranteed NNN lease with ±13 years remaining and 1.5% annual rent increases, providing predictable, passive, inflation-protected income.
Built in 2000, the ±3,436 SF building sits on a large ±0.61-acre parcel with strong visibility, convenient access, and consistent traffic generated by local residents, workforce housing, and regional pass-through commuters. The tenant is an experienced Pizza Hut franchisee with a proven operational track record, reinforcing the long-term viability of the location.
Larned serves as the governmental and economic hub of Pawnee County, supported by healthcare, education, agriculture, and local industry. Major employers—including Pawnee Valley Community Hospital, Larned State Hospital, and USD 495—drive daily traffic and stable employment. Ongoing county-wide revitalization programs, infrastructure improvements, and regional agricultural investments further strengthen the long-term fundamentals of the trade area.
This offering provides investors with a high-yield, NNN asset backed by a globally recognized QSR brand, strong franchisee credit, and a strategic location within a stable central Kansas market.
Built in 2000, the ±3,436 SF building sits on a large ±0.61-acre parcel with strong visibility, convenient access, and consistent traffic generated by local residents, workforce housing, and regional pass-through commuters. The tenant is an experienced Pizza Hut franchisee with a proven operational track record, reinforcing the long-term viability of the location.
Larned serves as the governmental and economic hub of Pawnee County, supported by healthcare, education, agriculture, and local industry. Major employers—including Pawnee Valley Community Hospital, Larned State Hospital, and USD 495—drive daily traffic and stable employment. Ongoing county-wide revitalization programs, infrastructure improvements, and regional agricultural investments further strengthen the long-term fundamentals of the trade area.
This offering provides investors with a high-yield, NNN asset backed by a globally recognized QSR brand, strong franchisee credit, and a strategic location within a stable central Kansas market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,436 SF
Building Class
C
Year Built
2000
Price
$955,427
Price Per SF
$278.06
Cap Rate
7.15%
NOI
$68,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.61 AC
Zoning
C
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 109-32-0-10-02-004.00-0 | Improvements Assessment | $123,940 |
| Land Assessment | $2,300 | Total Assessment | $126,240 |
Property Taxes
Parcel Number
109-32-0-10-02-004.00-0
Land Assessment
$2,300
Improvements Assessment
$123,940
Total Assessment
$126,240
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Pizza Hut | Absolute NNN Lease | 126 W 14th St
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