NNN Leased Investment For Sale

Expired Shopping Center for Sale
Catylist Listing ID: 30551386
Property Subtypes: Neighborhood Center
Building Size (RSF): 50,385 SF
Gross Building Area: See Agent
Sale Price: $8,900,000
Unit Price: $176.64 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/21/2020

Overview / Comments

This is a 100% leased net investment opportunity located in central Lincoln. The
owners completely transformed this 1950’s center into a neighborhood boutique
enclave. The current owners have invested in major exterior upgrades making this a Class A shopping center in the affluent Piedmont neighborhood. There is a good mix of both local/boutique and national tenants that include Cost Cutters and Edward Jones. This asset is offered at a projected 5.9% Cap Rate, which is on trend with the current investment market.

Attachments & Media

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1729426001000
Property Visibility: Good
Property Condition: Average
Total Parking Spaces: 180

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,619 150,095 236,084
Median Age: 40 35.07 34.61
Households: 7,226 62,344 96,005


Photograph of Listing Agent

Sally L DeLair

NAI FMA Realty MRCIE Member
Photograph of Listing Agent

Scott Richardson

NAI FMA Realty MRCIE Member
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