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Natural Grocers 212 N 48th St 13,600 SF Retail Building Lincoln, NE 68504 $5,320,000 ($391.18/SF) 6.65% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE | RECENT FIVE-YEAR EXTENSION
- HIGH CREDIT GROCERY NET LEASE | DEBT FREE BALANCE SHEET
- BIG TEN UNIVERSITY MARKET AND NEBRASKA STATE CAPITAL
- LEADER IN SPECIALTY GROCER CATEGORY | 7.3% SAME STORE SALES GROWTH
- TOP PERFORMING LOCATION | STRONG REPORTED SALES
- MAIN ON MAIN RETAIL LOCATION | #1 RETAIL NODE IN THE STATE
Executive Summary
Mid-America Real Estate Corporation (licensed in Nebraska as Mid-America Group, Inc.), has been retained on behalf of the owner to sell the 100% simple interest in the 12,940 square foot, freestanding Natural Grocers located at 212 N 48th St, Lincoln, NE. The subject offering features a 5.8-year absolute NNN lease with a high performing location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
13,600 SF
Building Class
B
Year Built
2012
Price
$5,320,000
Price Per SF
$391.18
Cap Rate
6.65%
NOI
$354,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.50 AC
Zoning
H2
Parking
83 Spaces (6.1 Spaces per 1,000 SF Leased)
Frontage
151’ on N 48th Street
Amenities
- Signalized Intersection
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-20-413-001-002 | Improvements Assessment | $1,140,500 |
| Land Assessment | $926,500 | Total Assessment | $2,067,000 |
Property Taxes
Parcel Number
17-20-413-001-002
Land Assessment
$926,500
Improvements Assessment
$1,140,500
Total Assessment
$2,067,000
Contacts
-
Nicholas Kohlmann -
Richard Drogosz -
Olivia Palmer -
Mid-America Real Estate Corp.
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Natural Grocers | 212 N 48th St
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