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NNN Ground Lease Opportunity

345 N 23rd St, Lincoln, NE

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99-year ground lease with annual rental increases.

Type:LAND

Property size:

3,193 SF

Lot size:

0.23 Acres

Price / SF:

$91/SF

HighLights

High‑Value Mixed‑Use Building: Improved with a $3,750,000 mixed‑use building including retail and housing.
Attractive Cap Rate: Priced at a 6% cap rate, excellent for a ground lease.
Annual Rental Increases: Features annual rental increases of 2% or the Consumer Price Index, whichever is greater.
Absolute NNN Lease: The 99‑year ground lease is an absolute NNN, with no landlord responsibilities or expenses.
Free and Clear Improvements: The property improvements are free and clear and not subject to any debt.
Long‑Term Lease: The 99‑year ground lease began on July 1, 2021.

We can help!

Listing Contact

Joe Mara

For Sale

Contact for pricing

99-year ground lease with annual rental increases.

Type:LAND

Property size:

3,193 SF

Lot size:

0.23 Acres

Price / SF:

$91/SF

Added:: Jun 23, 2025
Days on Market:: 363
Last Refresh:: May 19 at 9:08 pm

Property Features for 345 N 23rd St

General Information

Standard status: Active
Size: 3,193 SF
Lot size: 0.23 Acres
Property subtype: LAND

Properties For Sale

at 345 N 23rd St Contact us

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Listing Contact

Joe Mara

Listing agent Joe Mara

Listing office Woods Bros Realty

Listing date Jun 23, 2025

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All listing content including descriptions, pricing, images are the copyrighted material of Woods Bros Realty

HighLights

High‑Value Mixed‑Use Building: Improved with a $3,750,000 mixed‑use building including retail and housing.
Attractive Cap Rate: Priced at a 6% cap rate, excellent for a ground lease.
Annual Rental Increases: Features annual rental increases of 2% or the Consumer Price Index, whichever is greater.
Absolute NNN Lease: The 99‑year ground lease is an absolute NNN, with no landlord responsibilities or expenses.
Free and Clear Improvements: The property improvements are free and clear and not subject to any debt.
Long‑Term Lease: The 99‑year ground lease began on July 1, 2021.

Overview

This property features a 99-year ground lease that commenced on July 1, 2021. The lease is structured as an absolute NNN, meaning there are no landlord responsibilities or expenses. As of July 1, 2025, the monthly rent is $1585.14. The annual rental increases are the greater of 2% or the consumer price index. The property is improved with a mixed-use building valued at $3,750,000, which includes both retail and housing components. The price reflects a 6% cap rate, which is advantageous for a ground lease with rate escalations. These rate increases are annual and compounding. The property itself is unencumbered and not subject to any debt related to the improvements. The property size is 3193 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Lincoln
County: Lancaster
State: Nebraska
Longitude: -96.7539
Latitude: 40.8164

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What type of property is this?

Commercial land - 99-year ground lease with annual rental increases.

Where is this commercial land located?

The property is located at 345 N 23rd St Lincoln, NE.

What is the asking price?

The asking price for this property is $292,640.

What are key features of this property?

This property features: High‑Value Mixed‑Use Building: Improved with a $3,750,000 mixed‑use building including retail and housing.; Attractive Cap Rate: Priced at a 6% cap rate, excellent for a ground lease.; Annual Rental Increases: Features annual rental increases of 2% or the Consumer Price Index, whichever is greater.

345 N 23rd St, Lincoln, NE

99-year ground lease with annual rental increases.

Property Features for 345 N 23rd St

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

11-Unit Multifamily Property

Zoned Development Land on Major Corridor

Lincoln Multifamily Investment Opportunity

13-Unit Apartment Building

Lincoln Development Land Opportunity

Lincoln 4-Plex Investment Opportunity

Duplex Investment Property

Brick Side-by-Side Duplex

Medical Office Development Site

Turnkey 4-Plex Investment Property

High-Visibility Retail Opportunity in Lincoln

Downtown Flex Building with Overhead Door

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