5540 OLD CHENEY RD Lincoln NE 68516-3233

Prime Industrial Building with High Visibility

Welcome to a lucrative investment opportunity situated in a highly sought-after location at 56th and Old Cheney/Nebraska highway. This industrial building boasts a prominent position, ensuring maximum visibility and accessibility. Currently leased to Amigos/Kings Classic restaurant until October 2035, this NNN investment offers a hands-off approach for investors seeking a reliable income stream.

Property Features:

• Size: Spanning over 3,679 square feet, this spacious industrial building provides ample room for various business operations.

• Lot Size: Situated on a generous .89-acre lot, there is plenty of space for expansion or additional development opportunities.

• Parking: The location features ample parking space, ensuring convenience for tenants and customers alike.

• Tenant: The property is currently leased to Amigos/Kings Classic, a well-established tenant with a long-term lease agreement in place, offering stability and security for investors.

• Lease Rent Adjustments: Base Rent shall increase by seven and one-half percent (7.5%) over the Base Rent for the expiring five-year period.

• Return on Investment: With a solid tenant and favorable lease terms, including predictable rent adjustments, this property presents an excellent opportunity for investors to enjoy a good return on their investment.

NNN: Payments to Lessor shall be net of all expenses related to the Premises

Lease Rent Adjustments: Effective as of November 1, 2025, and on each subsequent fifth anniversary thereof during the Term, including any duly exercised Option Periods, the Base Rent shall increase by seven and one-half percent (7.5%) over the Base Rent for the expiring five-year period. (see table)

Utilities: All heat, electric current, water, sewage, gas, garbage or special fees, metering charges or utility charges of any nature used on the Premises shall be arranged by and paid for by Lessee.

This asset is Positioned on Signalized Hard Corner (Close Proximity to a Target Anchored Shopping Center & Lowe’s Home Improvement), where Traffic Counts Exceed 42,860 CPD! (Just South of NE Hwy 2 - 28,744 CPD). Nearby retailers include: Target, Walmart Supercenter, Costco Wholesale, Kohl’s, Sam’s Club, Home Depot, Lowe’s Home Improvement, Menards, Hobby Lobby, Best Buy, Dick’s Sporting Goods, Michaels, Barnes & Noble, Bed Bath & Beyond, Five Below, PetSmart, Old Navy, T.J. Maxx, Ross Dress for Less, Marshalls & HomeGoods, Kirkland’s, Ulta Beauty, DSW, Furniture Row, At Home, Slumberland Furniture, Scheels, ALDI, Trader Joe’s, Whole Foods, Hy-Vee, Super Saver, Dollar Tree, Dollar General, Family Dollar, Goodwill and AutoZone; 7 miles from University of Nebraska - Lincoln & East Campus (a public land grant research university offering over 150+ majors with 25,108 students in both campuses); 6 miles from Nebraska Wesleyan University (a liberal arts university offering 106 programs with approx. 2,100 students); Within 5 miles from Bryan Medical Center (an acute care hospital on 2 campuses in Lincoln - Bryan East Campus with 374 licensed beds & Bryan West Campus with 266 licensed beds); 5 miles from CHI St. Elizabeth (260 beds).

• Brand New 15-Year Absolute NNN Lease with an Attractive 7.50% Rental Escalations Every 5 Years & During Renewal Options!
• Growth Management Corporation - Nebraska was Established in 1980, Operates 27 Restaurants (8 of which are Franchised) Throughout Nebraska!
• Successfully Open & Operating for Decades with an Attractive 5.96% Rent to Sales Ratio! Highest Volume Store in the Chain!
• Drive-Thru Location was Open & Paying Full Rent During Pandemic!
• Positioned on Signalized Hard Corner (Close Proximity to a Target Anchored Shopping Center & Lowe’s Home Improvement) where Traffic Counts Exceed 42,860 CPD! (Just South of NE Hwy 2 - 28,744 CPD)
• The Lowest Unemployment Rate in the U.S. at 3.1% - Nov 2020 (U.S. Bureau of Labor Statistics)
• 2020 AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 172,978 | Average Household Income (3-MI): $104,735