10-Year Net Leased Taco John's For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30512151
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 2,772 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $1,200,000
Unit Price: $432.90 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 6.5%
Last Updated: 10/8/2019

Overview / Comments

Nebraska Brokerage LLC is pleased to offer this opportunity to acquire a single-tenant, net leased quick service drive-thru Taco John's investment property with a new 10-year lease in Lincoln, Nebraska. Located at 84th & Leighton with over 29,000 vehicles per day, this property has been in operation since 2010 and is leased by a multistore operator for $78,000 annually. Lease also includes four 5-Year options with escalators and a 5-Year personal tenant guaranty.Tenant responsible for CAMs, taxes, insurance, parking lot and interior maintenance. Landlord only responsible for roof, structure and major HVAC repairs.

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Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 17-15-217-001-000
Zoning: B-1
Retail Clientele: General
Property Located Between: North 84th Street at Leighton
Property Visibility: Excellent
Largest Nearby Street: 84th Street
Feet of Frontage: 197
Traffic/Vehicle Count: 29,010
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,772 SF
Property Condition: Excellent
Year Built: 2007
Year Renovated: 2010
Roof Type: Flat
Total Parking Spaces: 43
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,120 58,138 157,571
Median Age: 37.6 36.87 35.15
Households: 3,463 25,082 65,700

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