North 66th Street Retail FOR SALE


Lincoln, NE - Meadowlane
$3,850,000 USD
402-432-4917
, Lincoln, NE for Sale
$3,850,000 USD
Retail - FOR SALE
1/27
null | 2.34% Cap Rate

North 66th Street
Lincoln, NE
Meadowlane


OVERVIEW

Value added prime retail location part of a package of two buildings being offered by the seller located in the heart of Lincoln's retail center. This building along with the adjacent 221 N 66th street property are now being offered for sale as a package with an asking price of $3,850,000. The 201 building contains 10,800 sf of which 5,800 is leased to Hu-Hot Mongolian Grill. Hu-Hot currently pays $90,000 annually in absolute net rents and has one year left on it's original lease with one 5 year option to renew. Formerly occupied by a very successful Panera Bread user that relocated because of the fact that there could be no drive up window to accommodate Panera's new look, multiple tables, chairs, a walk in cooler, and bread oven were left by Panera upon vacating the building. Seller would consider selling just this 201 building if the user wanted it alone. call listing broker with questions or if you wish to take a tour of the property. Being offered as a package sale with the adjoining 201 building this building offer an investor or end user the ability to own a major commercial asset located within the heart of Lincoln's main retail corridor. while being offered as a package with a strong value added potential the owners will consider selling the two buildings (201 N 66th and 221 N. 66th Street) separately. Built to house a Chuck E Cheese restaurant this building represents a high level of upside potential for either an end user or an investor. Located with a designate blighted area the properties are eligible for Tax Increment Financing (TIF) which allows for all public improvements to done through the TIF financing vehicle. Call for additional details.

ASK ABOUT THIS PROPERTY

Bennie McCombsMcCombs Commercial Realty, LLCMore Info
402-432-4917

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Bennie McCombsMcCombs Commercial Realty, LLCMore Info
402-432-4917

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