Net Leased Investment-7.2% Cap

Retail-Commercial for Sale
Catylist Listing ID: 30734567
Property Subtypes: Street Retail
Building Size (RSF): 45,054 SF
Gross Land Area: 2.11 Acres
Sale Price: $5,900,000
Unit Price: $130.95 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Heritage Park
Sale Terms: Cash to Seller
Cap Rate: 7.2%
Average Occupancy Rate: 89
Last Updated: 6/10/2021

Overview / Comments

Opportunity to own an investment property in a high traffic retail area. This asset is located in a shopping center with Target, CVS Pharmacy, Super Saver grocery, Marcus Theaters, Petco and more. In addition to this excellent location it offers a low vacancy with a steady income stream. The tenant mix includes local office
and retail users, many of which have annual rent increases.

The site includes two buildings that are approximately 89% leased with NNN leases on 2.11 Acres. For more detailed financial information please complete an NDA.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1609339001000
Zoning: B-5
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1998
Total Parking Spaces: 114
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,764 92,928 171,483
Median Age: 38.83 38.89 35.68
Households: 5,092 38,154 69,767

Contact

Photograph of Listing Agent

Marc Hausmann

NAI FMA Realty MRCIE Member
Photograph of Listing Agent

Sally DeLair

NAI FMA Realty MRCIE Member
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