415 7Th StLincoln, NE 68508

For Sale
$500,000

Lincoln, NE warehouse; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $500,000 asking price for a 5,400 SF industrial building in Lincoln, NE.
  • Net lease with Bison Manufacturing as the single tenant.
  • Lease expires August 1, 2024; currently 100% occupied.
  • $92.59/SF price; below-market rent due to long-term tenant.
  • Tenant invested over $60,000 in improvements; annual NNN expenses total $4,094.06.

Property Details for 415 7Th St

Property type
Other warehouses, Other industrial properties
Square Feet
5,400 SF
Class
C
Year Built/Renovated
1930/2019
Buildings
1
Stories
3
Units
1

Location Insight

City
Lincoln
County
Lancaster
State
Nebraska
Latitude
40.8099429
Longitude
-96.7118782
415 7Th St, Lincoln, Nebraska

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415 7Th St
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