Property profile

18780 68th St Hickman, NE 68372

OFF-MARKET
Retail space
Property ID
US57-0244908
4,800 SF 0.44 ac lot Built 2006
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents the purchase of "East Meets West," a well-established Chinese restaurant located at 18780 S 68th St, Hickman, NE 68372. This thriving business, operating for 50 years (18 years at the current location), boasts impressive 2023 gross sales of $217,999. The 1,400 square foot space is situated in a Class B building and is leased under a NNN agreement with approximately five years remaining. The base rent is $1,564 per month, with CAM charges of $451 covering garbage, sewer/water, lawn care, snow removal, and parking lot maintenance. Utilities (gas, electric, internet, phone/fax) are the responsibility of the owner. The sale includes all inventory, furniture, fixtures, and equipment. The restaurant comfortably seats 32 diners, although a significant portion of sales comes from takeout orders. Current operating hours are Monday through Saturday, 11 AM to 2 PM and 4:30 PM to 8 PM, offering potential for revenue growth through extended hours. The seller will provide training on menu items, recipes, operations, and introductions to established clientele. The property is zoned for commercial use and is located in a vibrant area with a growing population. This turnkey operation offers a rare chance to acquire a profitable and long-standing business. The asking price is $85,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Total area 4,800 SF
Lot 0.44 ac (19,200 SF)
Zoning code C2
APN 15-27-317-014-000
UPID US57-0244908

Cap rate & NOI

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

Location

18780 68th St Hickman, NE 68372-7083
Hickman metro Census 10401 LINCOLN, NE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2007
3 recorded transactions
2007
$27,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Hickman, NE

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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