Turnkey Restaurant
For Sale
$3,800,000
201 & 221 N 66th Street, Lincoln, NE 68505
Turnkey restaurant outlot with high visibility and access, supported by over 39,000 VPD.
Property Size11,119 SF
Days on Market93
Property Features for 201 & 221 N 66th Street
General Information
Standard status
Active
Size
11,119 SF
Property subtype
Retail - Street Retail
Site & Location
Neighborhood
Riley/Culler
Traffic Count
39,000 vehicles/day
Building Details
Building Size
11,119 SF
Year Built
1983
Units
3
Listing Agency:
NAI NP Dodge
Listed By:
Amber Olson · License #20080192
(402) 618-5523
Source:
Commercialcafe
Added: Jul 27
Changed: Oct 26
Last Checked: Oct 26 at 1:08PM
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 NAI NP Dodge
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Investment Insights
Based on property information with market context.
This for-sale retail outlot is positioned for restaurant use, described as a turnkey restaurant opportunity. The property’s marketing materials emphasize visibility and easy access.
Public remarks indicate the outlot is located serving Gateway Mall and Lincoln’s premier retail destination, with exposure supported by more than 39,000 VPD. The surrounding tenant environment is described as home to high-performing national retailers.
At 15,280 square feet, the site is available for buyers seeking a retail outlot configured around restaurant operations.
Public remarks indicate the outlot is located serving Gateway Mall and Lincoln’s premier retail destination, with exposure supported by more than 39,000 VPD. The surrounding tenant environment is described as home to high-performing national retailers.
At 15,280 square feet, the site is available for buyers seeking a retail outlot configured around restaurant operations.
Key Highlights
- Turnkey restaurant outlot opportunity associated with Gateway Mall
- Over 39,000 VPD for high‑traffic visibility and access
- Positioned among retail tenants serving Gateway Mall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,993
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,619,860
$2.6M
Cap Rate 7%
$1,871,329
$1.9M
Cap Rate 9%
$1,455,478
$1.5M
Market Conditions
NOI Build-Up for 11,119 SF
Gross rent
$200.1K $18.00/SF
− Vacancy
−$13.0K −$1.17/SF
EGI
$187.1K $16.83/SF
− OpEx
−$56.1K −$5.05/SF
NOI
$131.0K $11.78/SF
Area
Lincoln, NE
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,619,860
Cap Rate 7%
$1,871,329
Cap Rate 9%
$1,455,478
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $130,993 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,813 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
39,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,642
Businesses Nearby
532k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 24%
Shops & Services 22%
Electronics 8%
DICK'S Sporting Goods
Apparel
60,299 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
57,713 visits/mo
0.3 miles
Best Buy
Electronics
42,262 visits/mo
0.4 miles
McDonald's
Dining
41,743 visits/mo
0.1 miles
Whole Foods Market
Groceries
37,006 visits/mo
0.4 miles
Demographics for 68505, NE
17,475
Population
7,961
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
94%
High-School Grad
4.3 sq mi
ZIP Area
4,064
Density / Sq Mi
$71,966
Median Household Income
$39,650
Median Earnings
$1,095
Median Rent
$216,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Turnkey restaurant outlot with high visibility and access, supported by over 39,000 VPD.
Where is this retail space located?
The property is located at 201 & 221 N 66th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Turnkey restaurant outlot opportunity associated with Gateway Mall; Over 39,000 VPD for high‑traffic visibility and access; Positioned among retail tenants serving Gateway Mall
