Investment Opportunity-6.75% Cap Rate
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||Net Leased Investment (NNN), Investment
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Overview / Comments
This is a fully leased investment opportunity in Lincoln, NE. Russ’s Market, a banner store under B & R Stores, Inc., has recently renewed its lease until January 2028. This property is offered at a 6.75% Cap Rate with a NNN lease, owner is responsible for roof replacement costs. On the premises is a separate building in which a fast-food restaurant, Amigos, operates. Amigos subleases this location from the tenant.
This site contains a 30,643 SF building on a 2.58-acre lot. It is zoned B-3 and has frontage on Havelock Ave., the neighborhoods primary commercial corridor. Havelock neighborhood is an established neighborhood in which Russ’s is the primary grocery provider. The site is a couple of blocks from a large employer, Burlington Northern Santa Fe Railroad (BNSF).
B&R Stores, Inc., was founded in 1964 by Russ Raybould. The employee-owned company has grown to become Lincoln’s dominant grocer and includes 20 stores under several banners including Russ’s Market, Super Saver, and Apple Market located in Nebraska and Iowa.
Attachments & Media
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