Standalone Drive-Through
For Sale
Contact for pricing
2710 Dan Ave, Lincoln, NE 68521
Single-tenant Popeyes property offered with an NNN lease structure.
Property Size2,482 SF
Price / SF$366.88
Days on Market146
Property Features for 2710 Dan Ave
General Information
Standard status
Active
Size
2,482 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$54,633
Additional Details
Drive-Thru
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Manzitto Real Estate
Listed By:
Dave Lessor · License #20160094
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 5:59AM
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 Manzitto Real Estate
Investment Insights
Based on property information with market context.
This standalone drive-through restaurant is occupied by a single tenant under a net lease structure. The property is identified as a Popeyes location and is positioned at 2710 Dan Ave in Lincoln, Nebraska.
The offering provides a dedicated restaurant asset with drive-through functionality and an existing NNN lease arrangement. The property record identifies a property size of 2,482 and places the site in the 68521 ZIP code.
The offering provides a dedicated restaurant asset with drive-through functionality and an existing NNN lease arrangement. The property record identifies a property size of 2,482 and places the site in the 68521 ZIP code.
Key Highlights
- Standalone drive‑through restaurant
- Single‑tenant Popeyes property
- NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,954
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$679,080
$679.1K
Cap Rate 7%
$485,057
$485.1K
Cap Rate 9%
$377,267
$377.3K
Market Conditions
NOI Build-Up for 2,482 SF
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.
Gross rent
$47.7K $19.20/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$45.3K $18.24/SF
− OpEx
−$11.3K −$4.56/SF
NOI
$34.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$679,080
Cap Rate 7%
$485,057
Cap Rate 9%
$377,267
Alternative Uses
Best Use
Specialty Retail
$485.1K
$424.4K – $565.9K
NOI $33,954 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.5K
$532.4K – $709.9K
NOI $42,594 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
442k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Dining 40%
Shops & Services 8%
Apparel 3%
Walmart
Superstores
124,689 visits/mo
0.3 miles
Sam's Club
Superstores
78,166 visits/mo
0.4 miles
Culver's
Dining
34,297 visits/mo
0.4 miles
McDonald's
Dining
32,371 visits/mo
0.3 miles
Lincoln #24
Shops & Services
18,097 visits/mo
0.1 miles
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Single-tenant Popeyes property offered with an NNN lease structure.
Where is this drive through restaurant located?
The property is located at 2710 Dan Ave Lincoln, NE.
What is the asking price?
The asking price for this property is $910,606.
What are key features of this property?
This property features: Standalone drive‑through restaurant; Single‑tenant Popeyes property; NNN lease structure
