Shopping Center Property For Sale - 48th & Vine Shops - Includes Corp Outparcels!

621 N 48th Street, Lincoln, NE, 68504

 

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48th & Vine Shops - Includes Corp Outparcels!

621 N 48th Street, Lincoln, NE 68504

48th & Vine Shops - Includes Corp Outparcels!
  • $5,300,000
  • 42,271 SF
  • $125.38
  • Shopping Center
  • Strip Center
  • Free Standing Bldg
    Neighborhood Center
    Power Center
  • Net Lease Investment with 10+ years left on lease
  • 8.75%
  • 94%
  • Multiple
  • 5.14 AC
  • Find Out More...
Last Verified  11/10/2009 Listing ID  16458144

Highlights

  • 94% Occupied Infill Shopping Center Located in Heavey Retail Corridor
  • Sale Includes Outback Steakhouse & Fazoli's Pads
  • Upside with Below Market Rents along with Developable +/- 35,000 Sq. Ft. Pad with 3,000 Sq. Ft. Buildable Area
  • Located Less than 3 Miles from the Main Campus of UNL (Enrollment Exceeds 24,000 Students)
  • Situated Just off the Corner of 48th Street & Vine Street (Traffic Counts Exceeding 52,000 CPD!)

Description

A 94% occupied Retail Center located in a infill location (3 miles from University of Nebraska at Lincoln - Enrollment over 24,000 students) and priced below market value due to the unvalued rents. This sale includes the Outback Steakhouse and Fazoli's Pad pad sites. Situated just off the hard corner at 48th Street & Vine Street, which has traffic counts exceeding 57,000 CPD.

Lincoln is Located in Lancaster County and is the state capital of Nebraska.
The second largest community in the state, Lincoln is perhaps Nebraska' s most progressive city. As a young community with a bright future of planned growth and expansion, Lincoln is one of the fastest growing metro areas in the Midwest. Lincoln offers the ambiance of a friendly small town and the amenities, attractions, and entertainment opportunities of a major metropolitan area. Lincoln is both the state capital and the home of the flagship campus of the University of Nebraska. As a result, it provides a greater range of offerings than might be expected in a community of its size. Efficient transportation, a stable business environment, advanced health care technology, and an excellent educational system are just a few reasons why Lincoln ranks highly in livability studies.

Financial Summary

Major Tenant Information

Debt & Equity Information

  • Actual
  • 2009
  • $433,381

Map of 621 N 48th Street, Lincoln, NE 68504 (Lancaster County)

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Contact Listing Broker
Justin Zahn (480) 214-5088 Ext: 103
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Created 11/4/2009

Additional Information for 621 N 48th Street, Lincoln, NE 68504

  • Active For Sale - 1 Listing
  • Active For Lease - 2 Listings
  • Previously Listed - 3 Historic Listings
  • Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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