5521 Shady Creek CtLincoln, NE 68516

For Sale
$1,580,000

Fully Leased, High-Yield Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Lincoln, Nebraska retail property, located at 5521 Shady Creek Ct, offers a compelling investment opportunity. The 8,070 square foot building sits on a 0.67-acre lot (29,132 sq ft) and boasts a 7.07% cap rate and a pro-forma cap rate of 6.98%. Currently 100% occupied by two tenants—a daycare and a day spa—under NNN leases, this stabilized investment features 37 parking spaces. The daycare, occupying 6,155 square feet, recently completed renovations in 2023 and renewed its lease through October 31, 2026. The day spa, occupying 1,915 square feet, also underwent renovations in 2021 and renewed its lease in March 2024, extending it to June 30, 2027. Both leases include 3% annual rent bumps. Built in 2005 and renovated in 2023, the single-story building is zoned O2 with a special permit for early childhood care (up to 75 children). The property features a 10-foot wall height and a fully sprinklered system. Its prime location off Nebraska Parkway and 56th Street provides excellent visibility and accessibility. The asking price is $1,580,000, translating to $195.79 per square foot and $11.83 per square foot for the land. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment prospect. The Net Operating Income (NOI) is $111,740.

Highlights

  • O-2 zoning with a special permit for an early childhood care facility accommodating up to 75 children.
  • Fully sprinklered.
  • 37 parking spaces.
  • 10-foot high walls.
  • Convenient location off Nebraska Parkway and 56th Street.

Property Details for 5521 Shady Creek Ct

Property type
Day care centers & nurseries, Other retail properties
Square Feet
8,070 SF
Class
B
Year Built/Renovated
2005/2023
Buildings
1
Stories
1
Units
2

Location Insight

City
Lincoln
County
Lancaster
State
Nebraska
Latitude
40.758686635383
Longitude
-96.646293847031
5521 Shady Creek Ct, Lincoln, Nebraska

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5521 Shady Creek Ct
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