1418 US Highway 20 - Retail FOR SALE


Chadron, NE 69337
$490,000 USD
317-218-5329
1418 US Highway 20, Chadron, NE for Sale
$490,000 USD
Retail - FOR SALE
1/3
null | 9.26% Cap Rate

1418 US Highway 20
Chadron, NE 69337


HIGHLIGHTS

  • Adjacent to Walmart Supercenter | Major Economic & Traffic Driver in Chadron
  • 2011 Build-to-Suit | Minimal Deferred Maintenance Risk
  • 22-Year Operating History at this Location
  • Original 10-Year Lease | Month-to-Month | 5 Previous Lease Extensions Exercised Since Original Lease
  • Modified NNN Lease | Minimal Landlord Responsibility | Tenant Responsible for CAM, Taxes, & Insurance
  • Easy Access & Excellent Visibility from Highway 20 | Nearby Traffic Drivers Include Walmart, McDonald’s, Bomgaars, Ace Hardware, Pizza Hut & Arby’s

OVERVIEW

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased Maurices in Chadron, Nebraska. The 5,040 square foot building was built-to-suit for Maurices in 2011, with Maurices signing an original 10-year lease. The tenant is currently operating on a month-tomonth lease current lease since its most recent expiration on July 31, 2024. The lease is modified triple net, with the landlord being responsible for the roof and structural components of the building and the tenant responsible for all common area maintenance, real estate taxes and insurance. Maurices is positioned adjacent to the Walmart Supercenter across the street. The building has excellent exposure along U.S. Route 20 surrounded by several car dealerships and national retailers including GMC of Charon, Eagle Chevrolet Buick, McDonald’s, Verizon Wireless, Hibbett Sports, Bomgaars, Taco John’s and more. A new Holiday Inn Express was built recently behind Maurices and provides consistent walk-up traffic for the Maurices. Maurices was founded in 1931 and is headquartered in Duluth, Minnesota and has since grown to more than 1,015 locations across the United States and Canada. Maurices is owned by Ascena Retail Group, which is publicly traded on the NASDAQ under the ticker symbol “ASNA”.

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

9.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maurices

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

03

APN/PARCEL ID

230006815

ASK ABOUT THIS PROPERTY

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.