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2248 N Webb Rd 4,623 SF Retail Building Grand Island, NE 68803 $2,400,000 ($519.14/SF) 6.50% Cap Rate
Investment Highlights
- The tenant has executed an absolute NNN lease.
- The lease features built-in ten percent rent increases every five years.
- The property was constructed in 2021.
- There are zero landlord responsibilities.
- The tenant holds three five-year renewal options.
- The site is a 0.82-acre freehold lot.
Executive Summary
Retail Investment Opportunity featuring a long-term absolute NNN lease with 15 years remaining, zero landlord responsibilities, and built-in 10% rent increases every five years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,623 SF
Building Class
B
Year Built
2021
Price
$2,400,000
Price Per SF
$519.14
Cap Rate
6.50%
NOI
$156,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
B-2 - General Business Zone
Amenities
- Restaurant
- Signage
- Monument Signage
- Awning
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 400137743 | Improvements Assessment | $1,130,165 |
| Land Assessment | $278,350 | Total Assessment | $1,408,515 |
Property Taxes
Parcel Number
400137743
Land Assessment
$278,350
Improvements Assessment
$1,130,165
Total Assessment
$1,408,515
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2248 N Webb Rd