Listed by Mid-America Real Estate
$5,620,000
Natural Grocers
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 12,940
Cap Rate 6.30%
NOI $354,000
Tenancy Single
Brand/Tenant Natural Grocers
Lease Type Absolute NNN
Lease Expiration 03/31/2032
Rent Bumps Yes
Lease Options One, Five (5) year
Class A
Year Built 2012
Acreage 1.500
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 6.30% CAP | 12,940 SqFt
Marketing description
Mid-America Real Estate Corporation (licensed in Nebraska as Mid-America Group, Inc.), has been retained on behalf of the owner to sell the 100% fee simple interest in the 12,940 square foot, freestanding Natural Grocers located at 212 N 48th St, Lincoln, NE. The subject offering features a 5.8-year absolute NNN lease with a high performing location.
Investment highlights
- Absolute NNN Lease | Recent Five-Year Extension - The subject property features an absolute NNN lease with Natural Grocers which provides for zero landlord responsibilities. The lease has 5.8 years of remaining term with one, 5-year option at a 15.6% rent escalation. Ownership recently completed a five-year lease extension with the tenant exhibiting Natural Grocers commitment to the site.
- Leader in Specialty Grocer Category | 7.3% Same Store Sales Growth - Natural Grocers is a leader in the organic grocery space with 170 locations across 21 states focused on natural foods and 100% organic produce, no artificial colors/flavors/sweeteners/preservatives, and pasture-based dairy. The company is listed on the NYSE with gross sales of $1.34B and a market cap of $761M. The company is experiencing strong demand for its 100% organic product with 7.3% same store sales growth in 2025 and 14.3% on a two-year basis.
- High Credit Grocery Net Lease | Debt Free Balance Sheet - The corporate lease entity, Vitamin Cottage Natural Food Markets, Inc is a high credit entity with no debt outstanding on the balance sheet and over $20M in cash on hand. The company's credit profile is considered investment grade as with no outstanding debts there is not a published credit rating by Moody's or S&P.
- Top Performing Location | Strong Reported Sales - The subject property ranks among Natural Grocers' top performing locations nationwide, ranking #1 in the state of Nebraska and #27 nationally in visits per square foot (Placer.ai, TTM). This location boasts strong reported sales as well. The unit level sales information is available to qualified investors upon request, please inquire with broker.
- Big Ten University Market and Nebraska State Capital - The subject property benefits from its strategic positioning between the University of Nebraska–Lincoln's main campus (2.6 miles) and downtown Lincoln (2.6 miles). Downtown Lincoln is adjacent to the a portion of the University of Nebraska and is home to the capital building. There are also other major hospital systems anchoring this robust economy including Bryan Health (6k+ employees) and CHI Health (1.7k+ employees). This confluence creates a surging daytime population of 261,974 within 5 miles of this site and provides a stable employment base.
- Main on Main Retail Location | #1 Retail Node in the State - The building is positioned directly along the 48th Street commercial corridor, one of the city's most established east-side retail arterials, which draws 17.5 million visitors annually making it the #1 retail node in Nebraska per placer.ai. The 48th street corridor features a deep roster of high-performing national retail tenants such as Target (#1 in Nebraska, top 10% nationwide), Hy-Vee (#2 in Nebraska, 6 nationwide), Dollar Tree (#1 in Nebraska, top 11% nationwide), Walgreens, Advance Auto Parts, Office Depot, Staples, and Aspen Dental, among others.
Listing Contacts
Listed by Mid-America Real Estate
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
$354,000.00
$29,500.00/mo
Valuation Metrics
0
DSCR
6.3%
Cap Rate
6.3%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
