401 Lincoln AveYork, NE 68467

For Sale
$1,100,000

Fully Leased, High-Cap Rate Property

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, mixed-use property located at 401 N Lincoln Ave, York, NE 68467. The property consists of two buildings totaling 6,932 net rentable square feet situated on a 10,800 square foot lot. Built in 1983 and extensively renovated in 2021 and 2022, the property boasts a strong tenant roster, including Southeast Community College's Nursing Program (east building, fully renovated in 2022) and Little Jumpers Daycare (new roof, windows, and interior remodel in 2021). The property operates under a triple-net (NNN) lease structure, with tenants responsible for their own utilities. The landlord covers the water bill, prorating costs to tenants. Common area maintenance (CAM) costs are also passed through to tenants via monthly fees. The property features a 7.50% cap rate and a strong net operating income (NOI) of $74,500, with an asking price of $1,100,000 ($158.68/sq ft). The property is zoned for commercial use and offers a compelling investment opportunity with 100% occupancy across its two units. This is a rare chance to acquire a stable, high-performing asset in a thriving downtown location. The property's strong tenant base and recent renovations ensure a secure and profitable investment.

Highlights

  • Fully leased, mixed-use property totaling 6,932 net rentable square feet on a 10,800 square foot lot in York, NE.
  • Recently renovated (2021 & 2022) with strong tenants including Southeast Community College and Little Jumpers Daycare.
  • Triple-net (NNN) lease structure with 100% occupancy.
  • 7.50% cap rate and $74,500 NOI; asking price $1,100,000 ($158.68/sq ft).
  • Commercially zoned, prime downtown location.

Property Details for 401 Lincoln Ave

Property type
Other office properties, Other mixed-use properties
Square Feet
6,932 SF
Year Built/Renovated
1983/2022
Buildings
2
Stories
1
Units
2

Location Insight

City
York
County
York
State
Nebraska
Latitude
40.864876361657
Longitude
-97.59327198594
401 Lincoln Ave, York, Nebraska

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401 Lincoln Ave
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