Amigo's 56th and Old Cheney

Retail-Commercial for Sale
Catylist Listing ID: 30730648
Property Subtypes: Restaurant
Building Size (RSF): 3,679 SF
Gross Building Area: See Agent
Sale Price: $2,222,222
Unit Price: $604.03 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Amigo's
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/12/2021

Overview / Comments

This is an amazing opportunity to own an asset leased to a Lincoln staple! BRAND NEW 20 year lease, absolute NNN, with 7.5% Escalators every 5 years. Incredible location with tons of daily traffic. Dont hesitate to incorporate this investment into your portfolio!

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $17,602 (Annual)

Current Tenants

Tenant Business Name Amigo's / King's Classic
Is Renting? Yes
Current Rent $100,000 PSF (Annual)
Lease Expiration 11/2040
Escalations 7.5% Every 5 years

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1608410011000
Retail Clientele: General, Family
Largest Nearby Street: Old Cheney
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,600 SF
Property Condition: Excellent
Year Built: 1994
Total Parking Spaces: 35
Parking Type: Surface
Parking Description: Pavement, good condition.
Zoning Description: I 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,764 90,514 169,530
Median Age: 38.83 38.57 35.81
Households: 5,092 37,638 68,850

Contact

Photograph of Listing Agent

Marcus Schmidt

Arrow Brokerage MRCIE Member
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