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1332-1336 P St - Premier Downtown Lincoln Bar/Restaurant 4,555 SF Retail Condo Unit Offered at $1,000,000 in Lincoln, NE 68508
Executive Summary
Prism Commercial is pleased to present the exclusive opportunity to acquire 1332 P Street, a fully stabilized, net-leased commercial condominium located in the heart of Downtown Lincoln, Nebraska. The ±4,555-square-foot ground-floor unit is 100% occupied by an experienced bar operator with multiple successful locations under a brand-new five-year triple-net (NNN) lease, providing a new owner with secure, passive cash flow from day one. The asset is offered at $1,000,000, reflecting a 7.2% capitalization rate on in-place net operating income of $72,000 ($6,000 per month). Because the lease is structured triple-net, the tenant is responsible for real estate taxes, insurance, and maintenance — minimizing landlord obligations and preserving net yield. Situated directly beside Raising Cane's — between it and Buffalo Wild Wings — and just one block south of the University of Nebraska–Lincoln, the property anchors the city's densest food, retail, and nightlife corridor. The ground-floor unit is a separately platted condominium, independent of the second-floor unit, allowing for clean, single-unit ownership. The property also sits within a designated federal Opportunity Zone, offering potential tax advantages to qualifying investors.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 10-23-426-012-000 |
| Cap Rate | 7.20% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.20% |
| APN/Parcel ID | 10-23-426-012-000 |
Description
Prism Commercial is pleased to present the exclusive opportunity to acquire 1332 P Street, a fully stabilized, net-leased commercial condominium located in the heart of Downtown Lincoln, Nebraska. The ±4,555-square-foot ground-floor unit is 100% occupied by an experienced bar operator with multiple successful locations under a brand-new five-year triple-net (NNN) lease, providing a new owner with secure, passive cash flow from day one.
The asset is offered at $1,000,000, reflecting a 7.2% capitalization rate on in-place net operating income of $72,000 ($6,000 per month). Because the lease is structured triple-net, the tenant is responsible for real estate taxes, insurance, and maintenance — minimizing landlord obligations and preserving net yield.
Situated directly beside Raising Cane's — between it and Buffalo Wild Wings — and just one block south of the University of Nebraska–Lincoln, the property anchors the city's densest food, retail, and nightlife corridor. The ground-floor unit is a separately platted condominium, independent of the second-floor unit, allowing for clean, single-unit ownership. The property also sits within a designated federal Opportunity Zone, offering potential tax advantages to qualifying investors.
The asset is offered at $1,000,000, reflecting a 7.2% capitalization rate on in-place net operating income of $72,000 ($6,000 per month). Because the lease is structured triple-net, the tenant is responsible for real estate taxes, insurance, and maintenance — minimizing landlord obligations and preserving net yield.
Situated directly beside Raising Cane's — between it and Buffalo Wild Wings — and just one block south of the University of Nebraska–Lincoln, the property anchors the city's densest food, retail, and nightlife corridor. The ground-floor unit is a separately platted condominium, independent of the second-floor unit, allowing for clean, single-unit ownership. The property also sits within a designated federal Opportunity Zone, offering potential tax advantages to qualifying investors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A | 4,555 SF | Retail | $1,000,000 ($219.54/SF) | $72,000 |
Unit A
| Unit Size |
| 4,555 SF |
| Condo Use |
| Retail |
| Price |
| $1,000,000 ($219.54/SF) |
| NOI |
| $72,000 |
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Unit A
| Unit Size | 4,555 SF |
| Condo Use | Retail |
| Price | $1,000,000 ($219.54/SF) |
| NOI | $72,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.20% |
| APN/Parcel ID | 10-23-426-012-000 |
| Description | |
| Prism Commercial is pleased to present the exclusive opportunity to acquire 1332 P Street, a fully stabilized, net-leased commercial condominium located in the heart of Downtown Lincoln, Nebraska. The ±4,555-square-foot ground-floor unit is 100% occupied by an experienced bar operator with multiple successful locations under a brand-new five-year triple-net (NNN) lease, providing a new owner with secure, passive cash flow from day one.<br> <br> The asset is offered at $1,000,000, reflecting a 7.2% capitalization rate on in-place net operating income of $72,000 ($6,000 per month). Because the lease is structured triple-net, the tenant is responsible for real estate taxes, insurance, and maintenance — minimizing landlord obligations and preserving net yield.<br> <br> Situated directly beside Raising Cane's — between it and Buffalo Wild Wings — and just one block south of the University of Nebraska–Lincoln, the property anchors the city's densest food, retail, and nightlife corridor. The ground-floor unit is a separately platted condominium, independent of the second-floor unit, allowing for clean, single-unit ownership. The property also sits within a designated federal Opportunity Zone, offering potential tax advantages to qualifying investors.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
