633 N 48th St - Restaurant FOR SALE


Lincoln, NE 68504- Hartley
$1,820,000 USD
513-300-0763
633 N 48th St, Lincoln, NE for Sale
$1,820,000 USD
Restaurant - FOR SALE
1/5
null | 5.75% Cap Rate

633 N 48th St
Lincoln, NE 68504
Hartley


HIGHLIGHTS

  • SHORT-TERM DEAL WITH LOW RENT: Low rent Outback is currently paying rent of $18 per sq. ft.
  • LONG-TERM OPERATING HISTORY: Outback has been established at this location for more than 25 years.
  • ABSOLUTE NNN LEASE: There is just under 2 years remaining on an Absolute NNN Fee Simple lease and Two (2), Five (5) year option periods.
  • STRONG PERFORMING LOCATION: With a population of over 226,500 and 95,800 households within a 5-mile radius of downtown Lincoln.
  • The tenant is responsible for all expenses: taxes, insurance, and maintenance; including roof, structure, and parking lot.

OVERVIEW

We are pleased to present the opportunity to acquire a low rent casual dine property. The subject property is positioned less than two miles from University of Nebraska (26,000 students). Surrounding retailers include Target, CVS, McDonald’s, Taco Bell, Raising Cane’s, and Chick-Fil-A, among many others. The property is well positioned and has over 20,000 VPD passing this location. The tenant has been at this location for over 27 years and has demonstrated a long term commitment to this location and their customer base. The subject property is located in a extremely dense market with over 220,000 people in a 5 mile radius.

FOR SALE DETAILS

PRICE

$1,820,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Vine Street

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

B1

APN/PARCEL ID

17-20-323-003-000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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