Restaurant Drive-Thru Under
1411 Q St Lincoln, NE 68508
For Sale
Contact for pricing
Leased restaurant property with drive-thru configuration and 2% annual rent escalations in place through a five-year term.
Property Size3,685 SF
Price / SF$471.24
Days on Market684
Property Features for 1411 Q St
General Information
- Standard status
- Active
- Size
- 3,685 SF
- Property subtype
- RETAIL
Listing Agency:
ZSA Realty Group, LLC
(402) 817-8600
Listed By:
Zach White
(402) 817-8600
Source:
Moodyscre
Added: Sep 10, 2024
Changed: Jul 25
Last Checked: Jul 25 at 11:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ZSA Realty Group, LLC
Investment Insights
Based on property information with market context.
This restaurant property features a drive-thru configuration and is currently under a five-year lease with Lamar’s Donuts and Coffee, effective 3/1/23. The lease is in its second year, with 2% annual rent escalations. The tenant has not yet remodeled and commenced operations, but is making monthly rental payments and is prepared to move forward with the remodel and launch.
The property is positioned across from the University of Nebraska campus, supporting consistent downtown-area visibility. A landlord Tenant Improvement Allowance (TIA) of $86,700 is available and payable upon completion of the remodel. After the initial five-year term, the lease provides two additional 5-year renewal options with the same 2% annual escalators.
The tenant also has a 7-day First Right of Refusal to Purchase.
The property is positioned across from the University of Nebraska campus, supporting consistent downtown-area visibility. A landlord Tenant Improvement Allowance (TIA) of $86,700 is available and payable upon completion of the remodel. After the initial five-year term, the lease provides two additional 5-year renewal options with the same 2% annual escalators.
The tenant also has a 7-day First Right of Refusal to Purchase.
Key Highlights
- Leased restaurant property with a drive‑thru configuration.
- In the second year of a five‑year lease with Lamar’s Donuts and Coffee, effective 3/1/23.
- Lease includes 2% annual rent escalations, with renewals offering two additional 5‑year terms and the same 2% escalations.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.8k | $19.20 |
| − Vacancy | −$3.5k | −$0.96 |
| EGI | $67.2k | $18.24 |
| − OpEx | −$16.8k | −$4.56 |
| NOI | $50.4k | $13.68 |
3,685 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$720.2K
$630.1K – $840.2K
NOI $50,411 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$903.4K
$790.5K – $1.05M
NOI $63,238 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Off Market Nearby
- Scooter's Coffee — 301 Centennial Mall S, Lincoln, NE 68509
- Antonio's Tastes of Lincoln — 301 Centennial Mall S, Lincoln, NE 68509
- ShareTea — 1900 K St Suite 160, Lincoln, NE 68510
- Muchachos — 416 S 11th St, Lincoln, NE 68508
- Cultiva Downtown — 727 S 11th St, Lincoln, NE 68508
FAQs
What type of property is this?
Coffee shop - Leased restaurant property with drive-thru configuration and 2% annual rent escalations in place through a five-year term.
Where is this coffee shop 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: Leased restaurant property with a drive‑thru configuration.; In the second year of a five‑year lease with Lamar’s Donuts and Coffee, effective 3/1/23.; Lease includes 2% annual rent escalations, with renewals offering two additional 5‑year terms and the same 2% escalations.
