Listed by Watson Companies
$887,424.5
5 yr Fully Leased Single Tenant plus Billboard Income
Details
Property Type Mixed Use, Office
Sub Type School, Traditional Office
Square Footage 5,035
Net Rentable (SqFt) 5,035
Units 1
Cap Rate 8%
NOI $70,994
Occupancy 100%
Tenancy Single
Brand/Tenant Papillion Grove Academy
Lease Type NNN
Lease Term 5
Lease Expiration 08/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 8%
Pro-Forma NOI $70,994
Price per SqFt $176
Broker Co-Op Yes
Year Built 1983
Year Renovated 2026
Buildings 1
Stories 1
Lot Size (SqFt) 24,707
Zoning L1- Light Industrial
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.99
Investment Type Net Lease
Lease Commencement 06/02/2026
Occupancy Date 09/01/2026
Ground Lease No
Ceiling Height 9'
Mixed Use | 8.00% CAP | 5,035 SqFt
Marketing description
Investment property for sale:
New 5 year lease with Daycare plus Billboard Income.
Interior and exterior undergoing a full remodel.. Construction completion date approx September 1, 2026.
Year 1 lease: $5,457.83 plus NNN.
Years 2-5.. 3% annual bumps.
Billboard income is approximately $5,500 annually plus increases.
Approx $70,993.96 year one income. Approx 8% cap return year one.
Investment highlights
New 5 year lease with Daycare plus Billboard Income.
Interior and exterior undergoing a full remodel.. Construction completion date approx September 1, 2026.
Year 1 lease: $5,457.83 plus NNN.
Years 2-5.. 3% annual bumps.
Billboard income is approximately $5,500 annually plus increases.
Approx $70,993.96 year one income.
Listing Contacts
Listed by Watson Companies
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,993.96
$5,916.16/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
