1450 Burlington Ave Hastings, NE 68901-7248

Property Details for 1450 Burlington Ave

Year built

1994

Lot size

0.69 lot acres

Property size

21,186 SF

Zone code

COMMERCIAL

Property type

Warehouses

APN

10008087

APU

10008087

Description

This exceptional 52,000-square-foot Class B distribution center in Hastings, Nebraska, presents a compelling investment opportunity. Located at 1450 S Burlington Ave, this single-story building boasts a strong tenant, Lineage Logistics, under a 10-year NNN lease with expansion potential. The asking price is $2,750,000, representing an attractive 8.50% cap rate with a current NOI of $233,805. Built in 1994 and situated on approximately 2.07 acres, the property offers ample outside storage. Key features include three dock-high doors, three drive-in doors, and ceiling heights ranging from 18 to 20 feet. The building includes freezer space added in 2016 and 2019. The property benefits from its strategic location near major national tenants such as Sunbelt Rentals, ThermoKing, and others, providing excellent logistical synergy and access to Highways 6 and 281. The NNN lease structure ensures passive ownership with the tenant responsible for all expenses. Lineage Logistics, a global leader with over 2 billion cubic feet of capacity across 400 facilities, demonstrates the property's desirability and long-term stability. The land value is $62 per square foot. This is a rare opportunity to acquire a well-located, high-performing industrial asset with a secure, long-term lease.

Location Insight

City

Hastings

County

Adams

State

Nebraska

Longitude

-98.3929

Latitude

40.565

CBSA code

25580

CBSA name

HASTINGS, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments