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Pizza Hut - Elkhart, KS 460 Highway 56 2,416 SF Retail Building Elkhart, KS 67950 $972,367 ($402.47/SF) 7% Cap Rate
Investment Highlights
- 12+ years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
- Backed by Yum! Brands, Pizza Hut demonstrates stable revenue streams from its franchise model, with consistent systemwide sales in excess .
- Grand Mere Restaurant Group (GMRG) is a leading multi-unit restaurant operator with a growing portfolio of branded quick-service and fast-casual.
- 1.5% annual rent increases, providing a healthy hedge against inflation and steady rent growth.
- With more than 19,000 locations in over 100 countries, Pizza Hut maintains a dominant presence in the QSR sector.
- Strategically located on Highway 56, the main thoroughfare through Elkhart.
Executive Summary
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.
In Cooperation With Sands Investment Group Kansas, LLC - Lic. #CO00002897 BoR: Max Freedman - Lic. KS #241927
In Cooperation With Sands Investment Group Kansas, LLC - Lic. #CO00002897 BoR: Max Freedman - Lic. KS #241927
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,416 SF
Building Class
C
Year Built/Renovated
1975/2025
Price
$972,367
Price Per SF
$402.47
Cap Rate
7%
NOI
$68,066
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.97 AC
Zoning
C - Commercial
Frontage
311’ on U.S. 56
Amenities
- Pylon Sign
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pizza Hut
- Accommodation and Food Services
- 2,416 SF
- $28.17
- Triple Net
- Jan 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pizza Hut | Accommodation and Food Services | 2,416 SF | $28.17 | Triple Net | Jan 2039 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 245-16-0-30-09-001.00-0 | Improvements Assessment | $35,633 |
| Land Assessment | $5,648 | Total Assessment | $41,281 |
Property Taxes
Parcel Number
245-16-0-30-09-001.00-0
Land Assessment
$5,648
Improvements Assessment
$35,633
Total Assessment
$41,281
Contacts
-
Jordan Mulloy -
Max Freedman -
Michael Gonzalez -
Sands Investment Group Austin, LLC
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Pizza Hut - Elkhart, KS | 460 Highway 56
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