Premier Downtown Lincoln Bar/Restaurant
Premier Downtown Lincoln Bar/Restaurant
Marketing description
Prism Commercial is pleased to present the exclusive opportunity to acquire 1332 P Street, a fully stabilized, net-leased commercial condominium located in the heart of Downtown Lincoln, Nebraska. The ±4,555-square-foot ground-floor unit is 100% occupied by an experienced bar operator with multiple successful locations under a brand-new five-year triple-net (NNN) lease, providing a new owner with secure, passive cash flow from day one.
The asset is offered at $1,000,000, reflecting a 7.2% capitalization rate on in-place net operating income of $72,000 ($6,000 per month). Because the lease is structured triple-net, the tenant is responsible for real estate taxes, insurance, and maintenance — minimizing landlord obligations and preserving net yield.
Situated directly beside Raising Cane's — between it and Buffalo Wild Wings — and just one block south of the University of Nebraska–Lincoln, the property anchors the city's densest food, retail, and nightlife corridor. The ground-floor unit is a separately platted condominium, independent of the second-floor unit, allowing for clean, single-unit ownership. The property also sits within a designated federal Opportunity Zone, offering potential tax advantages to qualifying investors.
Investment highlights
- Brand-new 5-year NNN lease. A freshly executed triple-net lease delivers stabilized, predictable income with the tenant responsible for taxes, insurance, and maintenance — minimal landlord management.
- 7.2% cap rate on in-place income. $72,000 of annual NOI at the $1,000,000 offering price provides an attractive, market-leading yield for a downtown asset of this quality.
- Irreplaceable downtown location. Positioned on the bustling 12th & P Street block, directly beside corner-anchor Raising Cane's and steps from Buffalo Wild Wings, in Lincoln's highest-density dining and nightlife district.
- University of Nebraska–Lincoln adjacency. One block south of campus, the corridor benefits from constant student, faculty, local, and gameday visitor traffic year-round.
- Proven, experienced operator. The tenant operates multiple successful bar locations, bringing established operational expertise and a hospitality use that draws foot traffic which cannot be replicated online.
- Opportunity Zone benefits. Located within a federal Opportunity Zone, offering potential capital-gains tax advantages to qualifying investors.
- Clean, separate condominium ownership. The ground-floor unit is a separately platted condominium, independent of the second-floor unit, allowing straightforward single-unit acquisition.
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