NNN Leased Investment For Sale

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: 1/15/2020

Overview / Comments

This is a 95% 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.

Additional Details

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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Sally L DeLair

NAI FMA Realty MRCIE Member
Photograph of Listing Agent

Scott Richardson

NAI FMA Realty MRCIE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.