2220 N Webb Rd - Fast Food FOR SALE
Grand Island, NE 68803 |
$1,224,000 USD
214-643-6097
2220 N Webb Rd
Grand Island, NE 68803
HIGHLIGHTS
- 8 years remaining on initial 10-year NN* lease with 2% annual rental escalations with two 5-year options to renew
- TENANT: Abelardo’s Mexican Food, LLC owns & operates 60 restaurants. Strong sales performance with an attractive 7.24% Rent-to-Sales Ratio
- DOMINANT RETAIL CORRIDOR | TRAFFIC COUNTS: Prime pad site situated within a Dick’s Sporting Goods and Burlington-anchored shopping center-1.10 acres
- TRAFFIC COUNTS: Highly visible and accessible location is positioned in a dominant retail corridor along N Webb Rd, with traffic counts of 14,617 CPD
- As of Jan. 2025, the Bureau of Labor Statistics reports that Nebraska’s unemployment rate stands at 2.9%, compared to the national rate of 4.0%
- 2024 DEMOGRAPHICS: Total Population (5MI): 54,798 | Average Household Income (1MI): $100,057
FOR SALE DETAILS
PRICE
$1,224,000 USD
PRICE/SF
$379 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ABELARDO’S MEXICAN FRESH – GRAND ISLAND, NE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.02 AC
LAND SF
44,431 SF
ZONING
C
APN/PARCEL ID
400137741
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214-643-6097
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214-643-6097
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