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Retail Space in Centro Plaza
For Lease
$16 SF/Yr

400 North 48th Street, Lincoln, NE 68504

Retail spaces available in busy Lincoln retail corridor.

Space Size4,193 SF
Property Size116,419 SF
Days on Market333

Property Features for 400 North 48th Street

General Information

Standard status Active
Size 4,193 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 116,419 SF

Spaces For Lease

at 400 North 48th Street Contact us

C6-7 $16/SF/Yr

Size
4,193 SF
Type
Neighborhood Center
Term
Negotiable
Contact us
Listing Agency: Lee & Associates | Omaha
Listed By: Grace Newton · License #20160105
Source: Lee-associates
Added: Sep 25, 2025 Changed: Aug 22 Last Checked: Aug 23 at 3:11AM

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 Lee & Associates | Omaha

Investment Insights

Based on property information with market context.

Located in the heart of Lincoln's busy retail corridor on 48th Street just north of O Street, Centro Plaza offers retail spaces for rent. The shopping center is anchored by TJ Maxx, DSW, Five Below, Kirklands, and Michaels. Suite B2 is a first-generation space ready for tenant improvements. Suite B4 is built out as a medspa. The property is part of a successful plaza with a history of low vacancy and successful national and local co-tenants. The property has a total size of 116419 square feet.

Key Highlights

  • Anchored by major retailers including TJ Maxx, DSW, Five Below, Kirklands, and Michaels.
  • High‑traffic location on 48th Street, north of O Street.
  • Successful national and local co‑tenants.

Property Analytics

Current Use

Beauty Image Hair Salon Universal Dance Academy Training Center Amazon Locker - Jaya Courier Service Five Below (Bike/Boat/Book/etc) Store DSW Designer Shoe ... Clothing & Fashion Store

Suggested Use

Top Pick Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Locksmith Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,019
Businesses Nearby
531k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 38% Shops & Services 26% Groceries 13% Apparel 11%
Hy-Vee Groceries
70,279 visits/mo 0.2 miles
Chick-fil-A Dining
52,225 visits/mo 0.3 miles
T.J. Maxx Apparel
40,556 visits/mo 0.0 miles
Michaels Shops & Services
32,420 visits/mo 0.0 miles
Five Below Shops & Services
31,216 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • 48th & Vine Center 4615 Vine St, Lincoln, NE 68503
  • Hilltop Plaza 145 N 46th St #5, Lincoln, NE 68503
  • CENTRO PLAZA N 48th St, Lincoln, NE 68504
  • District at O Street 6005 O St, Lincoln, NE 68510

Frequently Asked Questions

What type of property is this?
Shopping center - Retail spaces available in busy Lincoln retail corridor.
Where is this shopping center located?
The property is located at 400 North 48th Street Lincoln, NE.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Anchored by major retailers including TJ Maxx, DSW, Five Below, Kirklands, and Michaels.; High‑traffic location on 48th Street, north of O Street.; Successful national and local co‑tenants.
More about this property
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