221 W 39th St - Retail FOR SALE


Kearney, NE 68845
$2,110,000 USD
714-875-6192
221 W 39th St, Kearney, NE for Sale
$2,110,000 USD
Retail - FOR SALE
1/7
null | 6.82% Cap Rate

221 W 39th St
Kearney, NE 68845


HIGHLIGHTS

  • 23 years remaining on an original 25-year lease with (4) 5-Year renewal options
  • Absolute Triple-Net (NNN) lease structure ensures truly passive, predictable cash flow
  • Positioned along W 39th Street in Kearney, NE - a vibrant trade corridor with excellent traffic exposure and access
  • Located in a strong retail node with surrounding national tenants that drive consistent customer traffic to the area
  • Kearney, NE has a strong average household income and favorable trade area demographics

OVERVIEW

Summary Little Caesars Pizza In Kearney Nebraska - This Fee Simple offering includes a 2,252 SF building and 17,006 SF lot located at 221 W. 39th Street in Kearney, NE. In July 2023, the tenant entered a 25 year, Absolute Triple-Net (NNN) lease with no landlord responsibility (23 Years Remaining). The lease offers Four (4), Five Year tenant renewal options and annual rent increases of 1.5% beginning in year 6. The lease carries a guarantee by Cetera Two Companies INC, who operates multiple Little Caesars locations.

FOR SALE DETAILS

PRICE

$2,110,000 USD

PRICE/SF

$942 USD /SF

CAP RATE

6.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C-2

APN/PARCEL ID

600129000

ASK ABOUT THIS PROPERTY

Dan ManciniThe Mancini Group At Big Block RealtyMore Info
714-875-6192

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Dan ManciniThe Mancini Group At Big Block RealtyMore Info
714-875-6192

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