427 Q St | Aurora, NE 68818
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- LoopNet Team
427 Q St
Aurora, NE 68818
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- SIGNIFICANT RECENT IMPROVEMENTS: The subject property has received over $60,000 in recent upgrades, including a new roof in 2024 and a $31,000 parking
- LOW PRICE POINT WITH HIGH CAP RATE: Priced below $1,000,000, this property offers a rare opportunity to acquire a single-tenant net lease (STNL)
- BELOW-REPLACEMENT-COST: With annual rent at $66,550, the property offers rents significantly lower than new O’Reilly build-to-suit properties
- NN+ LEASE WITH MINIMAL LANDLORD RESPONSIBILITIES: The property is secured by a NN lease with minimal landlord responsibilities.
- ROBUST RENT INCREASE SCHEDULE: The lease features 10% rent increases in the first three option periods, followed by a 6.06% increase
- STRATEGIC B2B POSITIONING IN AGRICULTURAL HUB: Located in Aurora, NE, within Hamilton County—the third-highest corn-producing county in Nebraska
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
Commercial
Parking
31 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
210’ on Q ST
PROPERTY TAXES
| Parcel Number | 0410170296 | Improvements Assessment | $639,045 |
| Land Assessment | $91,955 | Total Assessment | $731,000 |
PROPERTY TAXES
Parcel Number
0410170296
Land Assessment
$91,955
Improvements Assessment
$639,045
Total Assessment
$731,000
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