Investment Overview

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, low-maintenance NNN asset backed by a globally recognized QSR brand, strong franchisee credit, and a strategic location within a stable central Kansas market.