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3404 Highway 13 3,471 SF Retail Building Higginsville, MO 64037 $855,000 ($246.33/SF) 5.71% Cap Rate
Investment Highlights
- Absolute NNN lease with 12+ years remaining and 1.50% annual increases.
- New 20-year lease signed in 2018.
- Higginsville is experiencing steady population growth.
- Strong franchisee with 126 unit guarantee (Grand Mere Restaurant Group).
- Affordable, low rent at $14.29 per square foot.
Executive Summary
Transwestern is pleased to present for sale a single tenant Pizza Hut in Higginsville, Missouri. The subject property is strategically located on Higginsville’s main retail corridor (Hwy 13) along with retailers such as Walmart, Tractor Supply, Taco Bell, NAPA Auto Parts, Dollar General and more. Pizza Hut also benefits from being directly across from Lafayette County’s elementary through high schools. Pizza Hut has operated at this location since 2000 and remodeled in 2023, showing commitment to the site.
Broker of Record
Chris Zoellner
Scout Realty Group LLC
MO LIC# 2019003987
Broker of Record
Chris Zoellner
Scout Realty Group LLC
MO LIC# 2019003987
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,471 SF
Building Class
B
Year Built/Renovated
2000/2023
Price
$855,000
Price Per SF
$246.33
Cap Rate
5.71%
NOI
$48,851
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.33 AC
Parking
70 Spaces (21.88 Spaces per 1,000 SF Leased)
Frontage
216’ on Missouri 13
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Pizza Hut began in 1958, when two brothers borrowed money from their mother to open a pizza place in Wichita, Kansas. The business grew from that single restaurant into a franchised brand with a broad menu centered on pizza, pasta, chicken wings, breadsticks, desserts, and delivery or carryout service. Pizza Hut later became part of Yum! Brands and continues to operate as a global restaurant system with a large franchise network across many markets. The company has also built a history around menu and service milestones, including early online ordering and signature products such as Stuffed Crust and Pan pizza.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 16-1.0-12-0-000-004.110 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $78,413 |
Property Taxes
Parcel Number
16-1.0-12-0-000-004.110
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$78,413
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3404 Highway 13