2118 Market Ln - Storefront FOR SALE


Norfolk, NE 68701
$2,499,000 USD
402-707-1097
2118 Market Ln, Norfolk, NE for Sale
$2,499,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

2118 Market Ln
Norfolk, NE 68701


HIGHLIGHTS

  • 2118 Market Lane is an 11,220-SF, dual national-tenant retail building along Norfolk's primary east-west retail corridor.
  • Surrounded by national retailers, including Target, Walmart Supercenter, Dollar Tree, Menards, and Tractor Supply Company.
  • Ideal investment opportunity to acquire a 100% leased, cash-flowing property currently occupied by two well-known national tenants.
  • Many nearby hospitality properties provide additional demand for retailers.

OVERVIEW

2118 Market Lane is an 11,220-square-foot retail building in Norfolk, Nebraska. This fantastic investment opportunity provides a new investor the opportunity to acquire a retail asset leased to two national tenants. The first of the property's two tenants is Sherwin-Williams, a publicly traded American paint company that has been in business since 1866. The second tenant is Anytime Fitness, a 24/7 fitness franchise that has rapidly expanded across the United States with over 5,000 locations. The property, built in 1999, rests on a spacious 0.75-acre parcel and includes ample parking. 2118 Market Lane is adjacent to the heavily traveled primary route of US 275, Norfolk's primary east-west retail corridor, seeing 14,000 vehicles daily. Nearby retailers include Walmart Supercenter, Tractor Supply, Target, and Menards. The local population has a significant retail net spend of over $80 million in the entertainment and home improvement sectors, which helps to bolster both of this asset's tenants. 2118 Market Lane is a rare investment opportunity to acquire a 100% leased, cash-flowing investment in a prominent retail corridor.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

Z03

APN/PARCEL ID

590174193

ASK ABOUT THIS PROPERTY

Alex RaneyBrian GibbsMore Info
402-707-1097

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Alex RaneyBrian GibbsMore Info
402-707-1097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.