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!


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

View FullscreenMap

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


Photograph of Listing Agent

Marcus Schmidt

Arrow Brokerage MRCIE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.