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48th & Vine Shops - Includes Corp Outparcels!
621 N 48th Street, Lincoln, NE 68504
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.
Actual
2009
$433,381
| Tenant | SF Occupied | Lease Expired | |
|---|
| Westlake Ace Hardware | 20,000 | | |
| Goodwill Industries | 13,230 | | |
| Papa John's Pizza | 1,175 | | |
| Outback Steakhouse | 6,100 | | |
| Fazoli's | | | |
Map of 621 N 48th Street, Lincoln, NE 68504 (Lancaster County)
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.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.