Havelock CarQuest - 5 Year Extension

Retail-Commercial for Sale
Catylist Listing ID: 30451569
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $520,000
Unit Price: $86.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2019

Overview / Comments

Pinnacle Commercial Group is pleased to present this offering for the fee-simple interest in the Car Quest located at 6007 Havelock Ave, Lincoln, NE 68507. The property has a 41 year history at this location and has recently signed an extension further demonstrating a commitment to this property.
The property is located off 60th Street and Havelock Avenue in the Havelock neighborhood giving it prime location and visibility. The auto services store is the only in the neighborhood providing minimal competition. There is a tenant mix of local and national tenants off Havelock Avenue including Burger King, Shell Gas, Pinnacle Bank and Casey’s General Store and Gas.

This Car Quest Auto Parts Store is a single story retail store developed in 1948. This location has a strong history and store performance. The lease is corporate backed lease with General Pars Distribution, LLC (Advance Auto Parts).

Current Tenants

Tenant Business Name CarQuest (owned by Advanced Auto Parts)
Is Renting? Yes

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 17-09-104-006-000
Zoning: B-3
Retail Clientele: General, Family, Business
Property Visibility: Good
Largest Nearby Street: Havelock Ave and Cornhusker
Highway Access: Cornhusker and I80 within close proximity
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 5
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal
Legal Description: HAVELOCK, BLOCK 33, Lot 7 - 8, W34' E84' & W84' LOTS 9 & 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,588 66,018 158,012
Median Age: 35.98 32.52 32.87
Households: 3,944 28,216 64,953


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