210 Frontier St - Storefront Retail/Office FOR SALE


Lexington, NE 68850
$2,100,000 USD
618-541-0065
210 Frontier St, Lexington, NE for Sale
$2,100,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 7.75% Cap Rate

210 Frontier St
Lexington, NE 68850


HIGHLIGHTS

  • Walmart Shadow Anchored Retail Center
  • 12,260 Square Feet - 5 Tenants
  • Service Based Retail Tenants with 4.5+ WALT
  • Limited Competition - Only Walmart within a 40-Mile Radius
  • Excellent Condition with Modern Facade

OVERVIEW

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Lexington Plaza, a 12,260 square-foot Walmart shadow-anchored retail center, situated on 1.28 acres of land in Lexington, NE Built in 2005, Lexington Plaza is located along a major commercial access road just off interstate 80 (18,500+ VPD) featuring excellent frontage, visibility and ease of access for retail traffic. Strategically located directly next to the only Walmart within a 40-mile radius making this a destination location by serving all surrounding communities. Situated just south of downtown Lexington, along Frontier Street within the major retail corridor. The location features an average household income of $91,815 in a 1-mile radius promoting financial stability and consumer spending. The neighboring retailers in this area do well including the neighboring McDonald’s, Arby’s, Burger King, and Runza. The property features a modern façade that has been well maintained, featuring a complementary mix of national, dining, and local service providing tenants. Each tenant’s lease includes strong annual rent increases, triple net lease structures, and a WALT of over 4.5 years. The property is being offered free and clear of debt at a 7.75% cap rate totaling $2,100,000.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lexington Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

CC

APN/PARCEL ID

24-0213262

ASK ABOUT THIS PROPERTY

Austin SweetMarcus & MillichapMore Info
618-541-0065

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Austin SweetMarcus & MillichapMore Info
618-541-0065

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