2723 Broadway StPittsburg, KS 66762

For Sale
$2,200,000

KS Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership of a 1,593 square foot Burger King in Pittsburg, Kansas. Built in 2018, this property boasts a 20-year absolute NNN lease with 14 years remaining, featuring annual rent increases of 1.25%. The franchisee tenant, Kansas King Inc., demonstrates a strong operational track record. Located on N. Broadway Street, a high-traffic corridor (10,700 vehicles daily), the property benefits from its proximity to a Walmart Supercenter and other major national retailers. The property's strong performance is evidenced by a 6.53% cap rate and a net operating income (NOI) of $143,651. The location near Pittsburg State University (approximately 6,500 students) further enhances its appeal. This prime retail location, with its established tenant and favorable lease terms, presents a compelling investment opportunity with significant long-term potential. The property sits on a one-acre lot and is ranked in the top 81% of stores for foot traffic in Kansas (per Placer.AI). The asking price is $2,200,000, translating to $1,381.04 per square foot. The property's strategic location and strong tenant history make it an attractive addition to any investment portfolio.

Highlights

  • 2018 Construction.
  • Top 81% store for foot traffic in Kansas (Placer.AI).
  • Absolute NNN lease with 15 years remaining on a 20-year term; 1.25% annual rent increases; four 5-year options.
  • Across from a Walmart Supercenter (1.9M annual visits).
  • N. Broadway Street frontage (10,700 VPD).
  • Minutes from Pittsburg State University (approx. 6,500 students).

Property Details for 2723 Broadway St

Property type
Other retail properties, Restaurants
Square Feet
1,593 SF
Year Built
2018
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Pittsburg
County
Crawford
State
Kansas
Latitude
37.4347515
Longitude
-94.7054252
2723 Broadway St, Pittsburg, Kansas

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2723 Broadway St
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