Single-Tenant Investment
Retail-Commercial
for Sale
| Catylist Listing ID: |
30794422 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
4,107 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,299,900 |
| Unit Price: |
$316.51 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.8% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/24/2022 |
Overview / Comments
Fully leased, retail investment opportunity in a high-traffic retail area. This is a single-tenant restaurant with approximately six years remaining on the lease and annual 3% rent escalations. The lease is modified gross with the Landlord responsible for the payment of real estate taxes. The tenant is responsible for utilities, snow removal, insurance, HVAC repairs, interior maintenance, and parking lot repairs, leaving the landlord limited exposure to capital expenditures. The building is less than ten years old, constructed in 2013, on a .69 acre lot.
This is a private sale please do not go directly to the tenant.
Financial information shall be furnished upon completion of a Confidentiality Agreement.
|
Additional Details
| Nearest MSA: |
Lincoln |
| County: |
Lancaster |
| Tax ID/APN: |
1619344001000 |
| Zoning: |
H-4 |
| Tenancy: |
Single Tenant |
| Year Built: |
2013 |
| Total Parking Spaces: |
44 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,686 |
47,027 |
122,997 |
| Median Age: |
32.1 |
36.68 |
37.63 |
| Households: |
3,090 |
18,226 |
49,575 |
|
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