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Executive Summary

3,0800 square-foot condominiumized office suite

Data Room Click Here to Access

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1
  • 3,080 SF
  • Office
  • $539,500 ($175.16/SF)
  • $36,955.75
Sale Type Investment
Cap Rate 6.85%
No. Parking Spaces 15
Description
This beautifully updated 3,000+ sq. ft. commercial office space features a functional and professional layout ideal for a variety of businesses. Fully remodeled in 2021, the suite offers modern finishes throughout, including updated flooring, paint, new doors, trim, and a reconfigured office layout designed for productivity and comfort. The entry opens to a spacious reception area with vaulted ceilings, seven large private offices, one smaller office, two ADA-compliant restrooms, a large break room with cabinetry and sink, and additional storage in the back. Located in a well-maintained office complex with professional curb appeal and exterior brick façade, this space is ready to elevate your business presence.
Sale Notes
This is a true NNN investment opportunity. The asset is secured by a 4-year triple net (NNN) lease with annual rent increases in years 3 and 4, providing stable and growing income with minimal ownership responsibilities. The property is located within an office building that is part of a condominium association, making it well-suited for investors seeking predictable income, low management intensity, and stable real estate returns.

Investment Highlights:
- Brand new 4-year NNN lease in place as of June 1, 2026
- NNN Lease Providing Passive, Management-Light Ownership
- All utilities are Tenant’s responsibility and condo association fees are built into the CAM/NNN charges
- 4-Year Lease with annual rent escalations beginning year 3. First 2 years’ base lease is $12 psf, plus NNN, then 4% annual escalators for each of the next 2 years
     - Years 1 and 2 - $12 psf l NOI = $36,960 – 6.85% cap rate
     - Year 3 – $12.48 psf l NOI = $38,438.40 – 7.12% cap rate
     - Year 4 – $12.98 psf l NOI = $39,978.40 – 7.41% cap rate
Unit Unit Size Condo Use Price NOI
Unit 1 3,080 SF Office $539,500 ($175.16/SF) $36,955.75

Unit 1

Unit Size
3,080 SF
Condo Use
Office
Price
$539,500 ($175.16/SF)
NOI
$36,955.75

Unit 1

Unit Size 3,080 SF
Condo Use Office
Price $539,500 ($175.16/SF)
NOI $36,955.75
Sale Type Investment
Cap Rate 6.85%
No. Parking Spaces 15
Description
This beautifully updated 3,000+ sq. ft. commercial office space features a functional and professional layout ideal for a variety of businesses. Fully remodeled in 2021, the suite offers modern finishes throughout, including updated flooring, paint, new doors, trim, and a reconfigured office layout designed for productivity and comfort. The entry opens to a spacious reception area with vaulted ceilings, seven large private offices, one smaller office, two ADA-compliant restrooms, a large break room with cabinetry and sink, and additional storage in the back. Located in a well-maintained office complex with professional curb appeal and exterior brick fa&#231;ade, this space is ready to elevate your business presence.</li></ul>
Sale Notes
This is a true NNN investment opportunity. The asset is secured by a 4-year triple net (NNN) lease with annual rent increases in years 3 and 4, providing stable and growing income with minimal ownership responsibilities. The property is located within an office building that is part of a condominium association, making it well-suited for investors seeking predictable income, low management intensity, and stable real estate returns.<br> <br> Investment Highlights:<br> - Brand new 4-year NNN lease in place as of June 1, 2026<br> - NNN Lease Providing Passive, Management-Light Ownership<br> - All utilities are Tenant’s responsibility and condo association fees are built into the CAM/NNN charges<br> - 4-Year Lease with annual rent escalations beginning year 3. First 2 years’ base lease is $12 psf, plus NNN, then 4% annual escalators for each of the next 2 years<br> &nbsp;&nbsp;&nbsp;&nbsp; - Years 1 and 2 - $12 psf l NOI = $36,960 – 6.85% cap rate<br> &nbsp;&nbsp;&nbsp;&nbsp; - Year 3 – $12.48 psf l NOI = $38,438.40 – 7.12% cap rate<br> &nbsp;&nbsp;&nbsp;&nbsp; - Year 4 – $12.98 psf l NOI = $39,978.40 – 7.41% cap rate</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.
Total Building Size 3,080 SF
Property Type Office (Condo)
Property Subtype Office
Building Class B
Floors 1
Typical Floor Size 3,080 SF
Year Built 2006
Tenancy Single
Lot Size 0.34 AC
Zoning Commercial - Commercial Office
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
  • Listing ID: 40665572

  • Date on Market: 5/26/2026

  • Last Updated:

  • Address: 5308 Parklane Dr, Kearney, NE 68847

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