415 7Th StLincoln, NE 68508

This Lincoln, Nebraska industrial property presents a compelling investment opportunity. The 5,400-square-foot building, located at 415 S 7th St, is a three-story structure built in 1930 and renovated in 2019. Currently 100% occupied by Bison Manufacturing under a net lease (NNN) agreement, the property boasts a strong, long-term tenant with a significant presence in the Haymarket area. The lease, expiring August 1, 2024, provides a monthly income of $1,700, significantly below market rate due to the tenant's substantial investment of over $60,000 in tenant improvements. Annual NNN expenses total $4,094.06, encompassing $2,311.06 in property taxes and $1,783 in building insurance. The property is zoned I-1 and situated within the proposed South Haymarket Park redevelopment zone, offering considerable future redevelopment potential. The all-brick and cement building features a single loading dock and offers 1,800 square feet per floor. The first floor is heated, while the second floor benefits from both heating and cooling. This fee-simple ownership opportunity includes a single unit and presents potential for partial owner financing. Prior notice is required for access.