Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 1140 Nemaha St
- Year built
- 2018
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, 9,100-square-foot Dollar General store located at 1140 Nemaha St, Humboldt, NE 68376. The property sits on an 85,726-square-foot lot and boasts a strong 7.50% cap rate, generating a net operating income (NOI) of $77,508. The absolute NNN lease commenced April 10, 2018, and has a remaining term of approximately 8.4 years, expiring April 30, 2033. The lease includes a 5-year renewal option with a 10% rent increase. A rent increase is also scheduled for May 1, 2028. Built in 2018, this one-story building offers 100% occupancy and a price per square foot of $113.56. The asking price for this property is $1,033,440. This is a prime retail investment with a long-term, secure lease and significant upside potential. This property is also part of a five-property Dollar General portfolio available for purchase, offering additional investment diversification. The other locations are in Madison, KS
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Humboldt
- County
- Richardson
- State
- Nebraska
- Longitude
- -95.944
- Latitude
- 40.1727
