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34505478

401 North Lincoln Avenue, York, NE 68467 For Sale

SA
NE NE 20160990
NHS commercial
Listed by NHS commercial
$923,000
1 day on market
Updated 1 day ago

Fully Leased NNN 401 North Lincoln Avenue York Nebraska

Details
APN 010+930011376
Property Type Retail, Office (+1)
Sub Type Day Care/Nursery, Traditional Office
Square Footage 6,932
Net Rentable (SqFt) 6,932
Units 2
Cap Rate 8.50%
NOI $78,456
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $78,456
Price per SqFt $133
Broker Co-Op True
Class B
Year Built 1983
Year Renovated 2022, 2023
Buildings 2
Stories 1
Zoning C-3 Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A

Fully Leased NNN - College and Day Care Tenants

Marketing description

NHS Commercial is proud to offer for sale 401 N Lincoln Avenue in York, Nebraska. The property has a extended three year signed lease with South East Community College and a long term Day Care tenant located in the second building on the same parcel.

This is a highly visible multi use commercial property on a prominent corner lot along the Lincoln Avenue corridor.

Both properties have been updated in the last 3 years and each tenant is under a NNN lease with minimal ownership involvement.

The owner is a licensed Real Estate Broker in the State of Nebraska and will offer Management services after the sale.

Investment highlights

NHS Commercial is proud to offer for sale 401 N Lincoln Avenue in York, Nebraska. The property has a extended three year signed lease with South East Community College and a long term Day Care tenant located in the second building on the same parcel.

This is a highly visible multi use commercial property on a prominent corner lot along the Lincoln Avenue corridor.

Both properties have been updated in the last 3 years and each tenant is under a NNN lease with minimal ownership involvement.

The owner is a licensed Real Estate Broker in the State of Nebraska and will offer Management services after the sale.

Listing Contacts

SA
NE NE 20160990
NHS commercial
Listed by NHS commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,456.00
$6,538.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Steve Arens
License
NE 20160990
Brokerage Address
4230 Pioneer Woods Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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