1411 Q St, Lincoln, NE

Listing agent Zach White Show Phone

Listing office ZSA Realty Group, LLC Show Phone

Listing date Sep 10, 2024

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Lincoln

County

Lancaster

State

Nebraska

Longitude

-96.7006

Latitude

40.8155

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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 $1,736,509.

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