401 W O St - Fast Food FOR SALE


Lincoln, NE 68528- West A
$887,097 USD
303-328-2050
401 W O St, Lincoln, NE for Sale
$887,097 USD
Fast Food - FOR SALE
1/3
null | 6.2% Cap Rate

401 W O St
Lincoln, NE 68528
West A


HIGHLIGHTS

  • New 15-Year NNN Ground Lease Commencing July 2026 | Zero Landlord Responsibilities
  • Four (4) Five-Year Renewal Options | Up to 35 Years of Total Term
  • Scheduled 10% Rent Increases Every 5 Years | $55,000 NOI at 6.20% CAP
  • Lease Guaranteed by 19-Unit Subsidiary of Metcalf Coffee (±43-Unit Franchisee)
  • Extremely Strong Rent-to-Sales Ratio | Proven Location in Operation Since 2017
  • W O Street Frontage | ±18,491 VPD | Signalized Intersection w/ Sun Valley Blvd (±8,531 VPD) | I-80 Nearby (±32,865 VPD)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Scooter's Coffee drive-thru at 401 W O Street in Lincoln, Nebraska, positioned at the gateway corridor connecting downtown Lincoln and the University of Nebraska–Lincoln. The ±646-square-foot building, built in 2017 and in continuous operation since, sits on ±1.42 acres and is secured by a new 15-year NNN ground lease commencing July 2026, with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $55,000 at a 6.20% cap rate includes scheduled 10% rent increases every five years, providing consistent income growth and inflation protection. The lease is guaranteed by a 19-unit subsidiary of Metcalf Coffee, an experienced ±43-unit Scooter's Coffee franchisee with a proven track record operating this high-volume location since 2017, and an extremely strong rent-to-sales ratio. The property fronts W O Street (±18,491 VPD) at its signalized intersection with Sun Valley Boulevard (±8,531 VPD), with I-80 (±32,865 VPD) approximately one-quarter mile to the north, providing strong commuter capture from multiple directions. The 3-mile trade area holds 89,027 residents with an average household income of $77,407, supported by the University of Nebraska–Lincoln (23,954 enrollment, 740,000+ annual visitors), Lincoln High School (2,118 students), and a dense mix of state government, healthcare, and professional services employment. The Lincoln MSA counts 352,574 residents at $108,125 average household income, with a $35 million Project O Street reconstruction underway along the subject's corridor through fall 2027, representing the most significant public reinvestment in downtown Lincoln in decades.

FOR SALE DETAILS

PRICE

$887,097 USD

PRICE/SF

$1,373 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee | NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,820 SF

ZONING

I1

APN/PARCEL ID

10-27-200-012-001

ASK ABOUT THIS PROPERTY

Adam LewisMarcus & MillichapMore Info
303-328-2050

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Adam LewisMarcus & MillichapMore Info
303-328-2050

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