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USANELincolnAntelope Square345 N 23Rd St
345 N 23 Rd St, Home with 0 bedrooms, 0 bathrooms and null parking in Lincoln NE | Image 1
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$317,028

345 N 23 Rd St, Lincoln, NE

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes 
Days Active 2
Lot Size 
Approx. Age 
MLS® Number 22517485

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This property has a 99 year ground lease in place which began July 1, 2021. The lease is an absolute NNN, with no landlord responsibilities or expenses. The monthly rent July 1, 2025 is $1585.14. The annual rental increases are 2%, or the consumer price index, whichever is greater. The property is improved with a $3, 750, 000 mixed use building that includes retail and housing. The price is based on a cap rate of 6, which is excellent for a ground lease with rate bumps. Typical rate bumps are at 5-10 year increments and are annual and compounding. Offers will require a three week response time to an RFR. The property itself is free and clear, and not subject to any debt on the improvements.Show Description
MLS® Number22517485
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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