Lincoln Retail NNN Investment
For Sale
Contact for pricing
Pending
2811 N 48th St, Lincoln, NE 68504
Single-tenant NNN retail property in Lincoln, Nebraska for sale.
Property Size2,709 SF
Lot Size0.33 Acres
Days on Market173
Property Features for 2811 N 48th St
General Information
Standard status
Pending
Size
2,709 SF
Lot size
0.33 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
NAI FMA Realty
(402) 441-5800
Listed By:
Richard Meginnis · License #NE 901223
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 6:34AM
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 FMA Realty
Investment Insights
Based on property information with market context.
This single-tenant net-leased investment opportunity is located at 2811 N 48th Street in Lincoln, Nebraska. The retail property has a size of 2,709 SF and sits on 0.33 acres. It is zoned B-3, offering strong underlying real estate fundamentals. The property is leased to a corporate-backed tenant who has occupied the site since 1981, demonstrating operating history and location stability. The lease structure features a true NNN format, providing passive income for investors, along with six 5-year renewal options that include 5% rental increases. The building has been newly remodeled, further enhancing the durability and long-term viability of the asset. The investment provides a 5.9% cap rate with corporate guaranty and minimal landlord responsibilities. Tenant has multiple 5-year options remaining. This offering presents an ideal opportunity for 1031 exchange buyers or investors seeking stable, management-light cash flow backed by a proven operator.
Key Highlights
- Long‑standing corporate‑backed tenant with occupancy since 1981, demonstrating exceptional operating history and location stability.
- True NNN lease structure provides passive income for investors with minimal landlord responsibilities.
- Six (6) five‑year renewal options with 5% rental increases, creating built‑in income growth and hedge against inflation.
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
$31,915
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
4.40%
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%
$638,300
$638.3K
Cap Rate 7%
$455,929
$455.9K
Cap Rate 9%
$354,611
$354.6K
Market Conditions
NOI Build-Up for 2,709 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
$48.8K $18.00/SF
− Vacancy
−$3.2K −$1.17/SF
EGI
$45.6K $16.83/SF
− OpEx
−$13.7K −$5.05/SF
NOI
$31.9K $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 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%
$638,300
Cap Rate 7%
$455,929
Cap Rate 9%
$354,611
Alternative Uses
Best Use
Retail
$455.9K
$398.9K – $531.9K
NOI $31,915 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.1K
$581.1K – $774.8K
NOI $46,489 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 3%
Hotels & Casinos 1%
McDonald's
Dining
19,892 visits/mo
0.5 miles
Meineke Car Care Center
Shops & Services
569 visits/mo
0.3 miles
Travelodge by Wyndham Lincoln Northeast
Hotels & Casinos
288 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant NNN retail property in Lincoln, Nebraska for sale.
Where is this nnn property located?
The property is located at 2811 N 48th St Lincoln, NE.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Long‑standing corporate‑backed tenant with occupancy since 1981, demonstrating exceptional operating history and location stability.; True NNN lease structure provides passive income for investors with minimal landlord responsibilities.; Six (6) five‑year renewal options with 5% rental increases, creating built‑in income growth and hedge against inflation.
