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Investment Highlights

  • Absolute NNN Structure: Zero landlord responsibilities providing 100% passive income. The tenant covers all expenses
  • Features 7.5% rental increases every 5 years to hedge against inflation
  • Situated along E 17th Ave (12,178 VPD) and near the Ken Kennedy Freeway (10,000 VPD)
  • Long-Term Security: Brand-new 20-year initial lease term expiring in 2042.
  • onstructed in 2022 to meet Dunkin’s spec standards, demonstrating long-term tenant commitment to the site.

Executive Summary

Offered at $1,905,000 with a 5.95% CAP rate, this purpose-built Dunkin’ property located at 1533 E 17th Ave in Hutchinson, KS, presents an exceptional net-lease investment opportunity. Built in 2022, the 2,169 SF building sits on a 0.63-acre lot and features a brand-new 20-year absolute NNN lease extending through 2042. With zero landlord responsibilities, the investor receives 100% passive income while the tenant covers all property expenses, including taxes, insurance, maintenance, roof, and structure. The lease structure provides long-term hedge protection through 7.5% rent increases every 5 years, along with three 5-year renewal options, and is guaranteed by Newsday LLC operating 9 locations.
Situated within a dense commercial retail corridor, the property enjoys direct access and exceptional visibility. It experiences daily traffic counts of over 12,000 vehicles per day along E 17th Ave and sits just off the Ken Kennedy Freeway (10,000 VPD). The store is surrounded by major national retailers, including Walmart Supercenter, Home Depot, Lowe's, ALDI, Kohl's, and the Uptown Hutch Mall, driving steady consumer traffic directly to the area. Additionally, its proximity to regional traffic generators—such as Hutchinson Community College, Hutchinson Regional Medical Center, and the Hutchinson Regional Airport—ensures strong, daily customer draw from both residents and commuters across the trade area.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,100 SF
Building Class
B
Year Built
2022
Price
$2,647,036 CAD
Price Per SF
$1,260.49 CAD
Cap Rate
5.95%
NOI
$157,572 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
2 Spaces (0.95 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Oct 2042

Dunkin' began as a Massachusetts coffee and doughnut shop founded in 1950 and grew into a quick-service brand centered on coffee, espresso drinks, donuts, breakfast sandwiches, and other baked goods. The company has expanded through company-operated and franchised restaurants and has built a broad presence across the United States and in select international markets. Dunkin' continues to focus on beverages, breakfast fare, and portable snacks, with menu development and digital ordering supporting everyday food and drink service.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - Oct 2042
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Freddy's Frozen Custard & Steakburgers
Olive Garden
Buffalo Wild Wings
RibCrib
Old Chicago Pizza
Chili's Grill & Bar
IHOP
Applebee's
Sam's Southern Eatery

Property Taxes

Property Taxes

Parcel Number
133-08-0-20-03-002.00
Land Assessment
$113,379 CAD
Improvements Assessment
$234,555 CAD
Total Assessment
$347,934 CAD
  • Listing ID: 41959138

  • Date on Market: 2026-09-01

  • Last Updated:

  • Address: SEQ E 17th St & Waldron St, Hutchinson, KS 67501

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