130 66Th StLincoln, NE 68505
For Sale
Call for price
Lincoln, NE retail investment opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Russ's Market, a top-performing grocery anchor (2.4% gross health ratio), from the B&R Stores family, anchors East Park Plaza.
- Strong tenant lineup includes Marcus Theatres (corporate guaranty), JoAnn, Big Lots, NextCare Urgent Care, and CHI Health Home Medical Equipment, exceeding chain average sales.
- Prominent O Street location across from Gateway Mall (4.3M+ annual visits), a Class A regional mall with strong national anchors.
- Strong tenant retention with recent leasing activity totaling over 55,100 SF, including long-term renewals and Marcus Theatres' $1.5M renovation (lease through 2035, option to 2077). Weighted average lease term: 5.4 years.
- Desirable location with over 209,800 residents within a 5-mile radius ($88,200 average household income), proximate to the University of Nebraska-Lincoln (26,000+ students).
- Significant value-add potential: Lease vacant spaces to increase gross income by over $671,100, or replat into six separate tax parcels for individual sale.
Location Insight
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Latitude
- 40.814267141428
- Longitude
- -96.628810758615
130 66Th St, Lincoln, Nebraska
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