345 N 23rd Street
Lincoln, NE 68503
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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Woods Bros Realty
Shown By
Agency Title: Liberty Core Real Estate
Agency Phone: (402) 933-4683
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345 N 23rd Street | MLS# 22517485
This land located at 345 N 23rd Street, Lincoln, NE 68503 is currently listed for sale with an asking price of $292,640. The property has approximately 228.64 Acres. N 23rd Street is located within the Lincoln school district. Search Lincoln real estate on www.libertycorerealestate.com today.