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.