Freestanding Grocery
For Sale
Contact for pricing
212 North 48th Street, 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$417.31
Days on Market114
Property Features for 212 North 48th Street
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
Site & Location
Neighborhood
Riley/Culler
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: Nov 4
Last Checked: Nov 6 at 6:14AM
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
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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
3.28%
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 3.28%
Second Best
Retail
$2.18M
$1.91M – $2.54M
NOI $152,446 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,063 @ 7.0% cap · market cap 4.11%
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
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
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 North 48th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $5,400,000.
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
