4901 NW 1st St - Day Care Center FOR SALE


Lincoln, NE 68521- Highlands
$1,260,000 USD
402-476-7232
4901 NW 1st St, Lincoln, NE for Sale
$1,260,000 USD
Day Care Center - FOR SALE
1/9
null | 6.7% Cap Rate

4901 NW 1st St
Lincoln, NE 68521
Highlands


HIGHLIGHTS

  • Great location, close to many families with the need for Childcare, this facility is consistently full.
  • Build by Hausmann Construction a trusted local Construction Company.
  • On- time, long-term tenant that is an established local business with four locations.

OVERVIEW

5950 SQ ft Licensed Daycare building built by Hausmann Construction in 2008. Erickson Sullivan Architects. Licensed for up to 80 children. Includes six - plus classrooms, a large kitchen an office and an entry foyer. Includes two large fenced in ourdoor play areas. Located in the Highlands neighborhood with great visibility from North West 1st Street. The current tenant is Project Future LLC. The current lease expires in September of 2027, with an option to renew for an additional four years at market rate, and with additional-term lease negotiable with tenant. Current NNN lease is at $14.00 per sq ft with 2.5% annual increases through September 2027. Lease is backed by tenant's personal guarantee. Project Future operates four daycare centers in the city of Lincoln. The daycare business is not for sale, only the building is for sale. The roof was replaced in 2022, and four out of five of the original HVAC units have been replaced. Fence replaced in 2023. Building includes a fire sprinkler system. Tenant pays first $500 in HVAC service, with all other Nets paid by tenant. Current nets run $4.95 per sq ft. on-top of the $14.00 per sq ft base rent. Total Gross rental income $112,753 per year.

FOR SALE DETAILS

PRICE

$1,260,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

O3

APN/PARCEL ID

11-03-433-001-000

ASK ABOUT THIS PROPERTY

Don FarrallLight Works Studio IncMore Info
402-476-7232

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Don FarrallLight Works Studio IncMore Info
402-476-7232

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