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Property profile

40th And Old Cheney Rd Lincoln, NE 68516

OFF-MARKET
Retail properties & Spaces
68,381 SF Built 1987
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Property summary

AI-generated overview

This single-story, 68,381 square foot retail strip center, built in 1987, is located at the prominent intersection of 40th and Old Cheney Road in Lincoln, Nebraska (zip code 68516). Currently, there is 1,600 square feet of vacant retail space available for lease within this multi-tenant property. The center boasts ample parking, with a ratio of 4 spaces per 1,000 square feet. Situated in Lancaster County, this property benefits from high visibility and accessibility due to its strategic location. The existing building offers a well-established presence in a thriving commercial area, presenting a strong opportunity for businesses seeking a ready-to-occupy space. The 1,600 square foot vacant unit provides flexibility for a variety of retail uses. This property is an excellent investment opportunity for businesses looking to establish or expand their presence in a high-traffic area of Lincoln, Nebraska. The property's location at a major intersection ensures significant foot and vehicle traffic, providing excellent exposure for tenants. The existing infrastructure and ample parking further enhance the property's appeal.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1987
Total area 68,381 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40th And Old Cheney Rd Lincoln, NE 68516
Lincoln metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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