FOR SALE

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30563813
Property Subtypes: Mixed Use, Street Retail, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 16,766 SF
Gross Building Area: See Agent
Gross Land Area: 2 - 4.99 Acres
Sale Price: $500,000
Unit Price: $29.82 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 0.1%
Last Updated: 11/2/2020

Overview / Comments

Total land and building(s) are for sale as one unit. Currently has 3 active tenants, all longer term - Verizon office, an auto repair shop, and a carpet retail store. This is an excellent income producing investment property with a .10 cap rate at the sale price of $500,000. A new roof has been installed. This is a solid investment opportunity in Beatrice. All tenants offer the public basic necessary items and service. Additional land can be developed into storage or similar income producing property.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $7,916 (Annual)
Tax Value Land $98,320
Tax Value Improvements $306,125
Assessed Value - Total($) $404,450 (Annual)
Potential Rental Income $75,048 (Annual)
Gross Operating Income $75,048 (Annual)
Net Operating Income $54,649 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Verizon
Industry Type Retail Trade
Is Renting? Yes
Current Rent $28,800 PSF (Annual)
Tenant Business Name Bert's Carpet
Industry Type Retail Trade
Is Renting? Yes
Current Rent $19,200 PSF (Annual)
Tenant Business Name Synderized
Industry Type Retail Trade
Is Renting? Yes
Current Rent $25,800 PSF (Annual)

Additional Details

Nearest MSA: Beatrice
County: Gage
Taxing Authority: Gage County Assessor
Tax ID/APN: 014262000
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: located on Highway 77 & Sargent St
Property Visibility: Excellent
Largest Nearby Street: Sargent St
Highway Access: Direct egress and ingress from Highway 77.
Airports: Beatrice Airport
Area Description: Located in Beatrice, Ne, which is the county seat of Gage County. Beatrice has a population of approximately 21,000. Area is largely agricultural and commercial businesses reflect that.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1970
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal siding and roof. Roof is scheduled to be replaced as soon as weather permits stripping and replacing.
Total Parking Spaces: 26
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal
Legal Description: BLK 1 & 2 EXC THE S 25' OF THE WEST 300' OF BLK 1 SARGENTS ADD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,066 10,844 13,294
Median Age: 44.07 42.48 43.11
Households: 1,363 4,790 5,783

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