Freestanding Grocery
For Sale
Contact for pricing
212 N 48th St, Lincoln, NE 68504
The Lincoln property is subject to a 5.8-year absolute NNN lease with Natural Grocers.
Property Size12,940 SF
Price / SF$434.31
Days on Market92
Property Features for 212 N 48th St
General Information
Standard status
Active
Size
12,940 SF
Class
A
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$354,000
Building Details
Year Built
2012
Tenancy
Single
Listing Agency:
Mid-America Real Estate
Listed By:
Nick Kohlmann · License #IL
(630) 954-7329
Source:
Crexi
Added: Jul 16
Changed: Oct 10
Last Checked: Oct 14 at 11:19PM
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 Mid-America Real Estate
Investment Insights
Based on property information with market context.
The offering includes a 12,940-square-foot freestanding grocery property associated with Natural Grocers. Constructed in 2012, the building is located at 212 N 48th St in Lincoln, Nebraska.
The sale conveys the 100% fee simple interest in the real estate. The property is subject to a 5.8-year absolute NNN lease, providing a defined lease structure for the asset. Its grocery-oriented configuration and standalone format distinguish it within the commercial property offering.
The sale conveys the 100% fee simple interest in the real estate. The property is subject to a 5.8-year absolute NNN lease, providing a defined lease structure for the asset. Its grocery-oriented configuration and standalone format distinguish it within the commercial property offering.
Key Highlights
- 12,940‑square‑foot freestanding grocery property
- Natural Grocers location
- 5.8‑year absolute NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,019
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,540,380
$3.5M
Cap Rate 7%
$2,528,843
$2.5M
Cap Rate 9%
$1,966,878
$2.0M
Market Conditions
NOI Build-Up for 12,940 SF
Gross rent
$248.4K $19.20/SF
− Vacancy
−$12.4K −$0.96/SF
EGI
$236.0K $18.24/SF
− OpEx
−$59.0K −$4.56/SF
NOI
$177.0K $13.68/SF
Area
Lincoln, NE
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,540,380
Cap Rate 7%
$2,528,843
Cap Rate 9%
$1,966,878
Alternative Uses
Best Use
Specialty Retail
$2.53M
$2.21M – $2.95M
NOI $177,019 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$2.18M
$1.91M – $2.54M
NOI $152,446 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,063 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
516k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 27%
Groceries 14%
Apparel 11%
Hy-Vee
Groceries
70,279 visits/mo
0.1 miles
Chick-fil-A
Dining
52,225 visits/mo
0.1 miles
T.J. Maxx
Apparel
40,556 visits/mo
0.4 miles
Michaels
Shops & Services
32,420 visits/mo
0.3 miles
Five Below
Shops & Services
31,216 visits/mo
0.3 miles
Demographics for 68504, NE
17,155
Population
8,793
Households
2
Avg Household Size
31
Median Age
33%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$52,159
Median Household Income
$32,787
Median Earnings
$1,014
Median Rent
$169,000
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
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Similar Off Market Nearby
- Hy-Vee Grocery Store — 5010 O St, Lincoln, NE 68510
- Fresh International Market - Lincoln — 5220 O St, Lincoln, NE 68510
- Target Grocery — 333 N 48th St, Lincoln, NE 68504
- Super Saver, 48th & O — 233 N 48th St, Lincoln, NE 68504
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The Lincoln property is subject to a 5.8-year absolute NNN lease with Natural Grocers.
Where is this grocery and convenience store located?
The property is located at 212 N 48th St Lincoln, NE.
What is the asking price?
The asking price for this property is $5,620,000.
What are key features of this property?
This property features: 12,940‑square‑foot freestanding grocery property; Natural Grocers location; 5.8‑year absolute NNN lease
