100% Leased - 8.0% Cap Rate - 3721 W 13th St Grand Island NE

Retail-Commercial for Sale
Catylist Listing ID: 30256031
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 11,400 SF
Sale Price: $1,935,000
Unit Price: $169.74 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Hidden Meadows
Sale Terms: Undisclosed
Cap Rate: 8.0%
Last Updated: 6/16/2018

Overview / Comments

100% leased property located on the west side of Grand Island just off of Hwy 281. Provides a great investment opportunity with a cap rate of 8.0%. The building was built in 2006, and is located on the desirable West 13th Street. The retail center is anchored by Anytime Fitness, which has a lease in place through December 31, 2022, and has been in the center since 2015. The second bay has a Dentist who has occupied the space since 2011, and has a lease in place through April 2022. The third bay comes with a master lease from the landlord through December 31, 2020 to hold for future expansion. Agent has equity interest in the property and the Anytime Fitness operation.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $18,859 (Annual)

Additional Details

Nearest MSA: Grand Island
County: Hall
Tax ID/APN: 47-3366851
Zoning: COMMERCIAL
Retail Clientele: General, Business
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2006
Total Parking Spaces: 50
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,315 40,070 50,089
Median Age: 39.35 36.29 35.91
Households: 2,603 15,358 18,912

Contact

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