Leased Retail Strip Center
For Sale
Contact for pricing
2720 DAN AVE, Lincoln, NE 68504
100% leased retail building in a busy development with storefront presence on 27th Street.
Property Size7,037 SF
Price / SF$234.47
Days on Market121
Property Features for 2720 DAN AVE
General Information
Standard status
Active
Size
7,037 SF
Property subtype
Retail
Zoning
I1
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2011
Tenancy
Multi
Listing Agency:
Manzitto Real Estate
Listed By:
Dave Lessor · License #20160094
Source:
Crexi
Added: Jun 18
Changed: Oct 11
Last Checked: Oct 16 at 6:26AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a retail strip center building offered for sale with 100% leasing in place. The property provides storefront-oriented space within a multi-tenant retail setting, positioned to support ongoing occupancy.
The building is located directly on 27th Street within a busy development. It benefits from frontage along the street and visibility associated with a concentrated retail environment.
For buyers seeking a retail asset with existing tenancy, this property offers the practicality of in-place occupancy and a current tenant roster. It may be a good fit for investors or operators looking for a leased storefront building in an established retail setting, without requiring immediate repositioning to generate occupancy.
The building is located directly on 27th Street within a busy development. It benefits from frontage along the street and visibility associated with a concentrated retail environment.
For buyers seeking a retail asset with existing tenancy, this property offers the practicality of in-place occupancy and a current tenant roster. It may be a good fit for investors or operators looking for a leased storefront building in an established retail setting, without requiring immediate repositioning to generate occupancy.
Key Highlights
- 100% leased retail building
- Storefront presence directly on 27th Street
- Built in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,903
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,658,060
$1.7M
Cap Rate 7%
$1,184,329
$1.2M
Cap Rate 9%
$921,144
$921.1K
Market Conditions
NOI Build-Up for 7,037 SF
Gross rent
$126.7K $18.00/SF
− Vacancy
−$8.2K −$1.17/SF
EGI
$118.4K $16.83/SF
− OpEx
−$35.5K −$5.05/SF
NOI
$82.9K $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%
$1,658,060
Cap Rate 7%
$1,184,329
Cap Rate 9%
$921,144
Alternative Uses
Best Use
Retail
$1.18M
$1.04M – $1.38M
NOI $82,903 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,762 @ 7.0% cap · market cap 7.32%
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
Lease Details
100%
Occupancy
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 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - 100% leased retail building in a busy development with storefront presence on 27th Street.
Where is this strip mall located?
The property is located at 2720 DAN AVE Lincoln, NE.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 100% leased retail building; Storefront presence directly on 27th Street; Built in 2011
