1450 Burlington AveHastings, NE 68901

For Sale
$2,750,000

52,000 SF Industrial Investment, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 52,000-square-foot Class B distribution center in Hastings, Nebraska, presents a compelling investment opportunity. Located at 1450 S Burlington Ave, this single-story building boasts a strong tenant, Lineage Logistics, under a 10-year NNN lease with expansion potential. The asking price is $2,750,000, representing an attractive 8.50% cap rate with a current NOI of $233,805. Built in 1994 and situated on approximately 2.07 acres, the property offers ample outside storage. Key features include three dock-high doors, three drive-in doors, and ceiling heights ranging from 18 to 20 feet. The building includes freezer space added in 2016 and 2019. The property benefits from its strategic location near major national tenants such as Sunbelt Rentals, ThermoKing, and others, providing excellent logistical synergy and access to Highways 6 and 281. The NNN lease structure ensures passive ownership with the tenant responsible for all expenses. Lineage Logistics, a global leader with over 2 billion cubic feet of capacity across 400 facilities, demonstrates the property's desirability and long-term stability. The land value is $62 per square foot. This is a rare opportunity to acquire a well-located, high-performing industrial asset with a secure, long-term lease.

Highlights

  • Lineage Logistics, a creditworthy tenant, signed a 10-year NNN lease with expansion options.
  • Excellent location with nearby national tenants including Sunbelt Rentals, ThermoKing, and others.
  • Strong tenant: Lineage Logistics operates globally with over 2 billion cubic feet of warehouse space.
  • Well-located, renovated facility featuring 3 dock-high doors, 3 drive-ins, and ample 2.07-acre yard. Easy highway access.
  • NNN lease provides passive income for the investor.
  • Modern freezer space, with sections completed in 2016 and 2019.

Property Details for 1450 Burlington Ave

Property type
Other industrial properties, Distribution properties
Class
B
Year Built
1994
Stories
1

Location Insight

City
Hastings
County
Adams
State
Nebraska
Latitude
40.5649514
Longitude
-98.3929753
1450 Burlington Ave, Hastings, Nebraska

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1450 Burlington Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message