Natural Grocers - Lincoln, NE

Asset Type

Retail

Address
212 N 48th St Lincoln, NE United States 68504-3502
Asking Price

S$7,545,000

Sq Footage

13,028

Year Built

2012

Cap Rate

7.00%

Additional Attributes
Escalations 2% every 5 years including options
Lease Expiration 2027-03-31
Lease Type NNN
Options 3, 5-year options
Tenant Natural Grocers By Vitamin Cottage, Incorporated

Property Description

Single-tenant Natural Grocers, an organic foods grocery store chain, for sale in a major retail corridor of Lincoln, Nebraska. Located just 2.5 miles from the University of Nebraska, with enrollment of over 25,000 students. In close proximity to other prominent retailers including Target, Walgreens, CVS, and Hy-Vee.

Investment Highlights

  • Fee simple interest
  • Property features an absolute NNN lease structure with approximately 8.5 years of contractual lease term remaining
  • Zero landlord responsibilities
  • Rent growth every 5 years throughout initial lease term and three 5-year options
Listing Contacts
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
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