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    1411 Q St Lincoln, NE 68528

    For Sale
    $1,669,000

    Prime location across from the University of Nebraska campus.

    Property size:
    3,685 SF
    Lot size:
    0.27 Acres

    Property Features for 1411 Q St

    General Information

    Size
    3,685 SF
    Lot size
    0.27 Acres

    Source: ZSA Realty Group, LLC Agent Zach White

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Property Near University Campus

    This property is located across from the University of Nebraska campus. Previously operated as an Amigos restaurant with a drive-thru, the property is suited for the downtown area. The property is currently in the second year of a five-year lease with Lamar’s Donuts and Coffee, effective from March 1, 2023, which includes a 2% annual rent escalation. Following the initial term, there are two options for 5-year lease renewals with the same 2% annual escalators. The tenant is fulfilling their obligations by making monthly rental payments and is prepared to undertake the remodel and launch operations. The landlord's Tenant Improvement Allowance (TIA) amounts to $86,700, payable upon completion of the remodel. Tenant has a 7-day First Right of refusal to Purchase. The property size is 3,685 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7005701
    Latitude
    40.8155037

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    FAQs

    What type of property is this?
    Drive through restaurant - Prime location across from the University of Nebraska campus.
    Where is this drive through restaurant located?
    The property is located at 1411 Q St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $1,669,000.
    What are key features of this property?
    This property features: - Prime location across from the University of Nebraska campus; - Existing five-year lease with Lamar's Donuts and Coffee (effective 3/1/23) providing immediate income; - Lease includes 2% annual rent escalation
    (402) 817-8600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1411 Q St Lincoln, NE 68528
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