Property profile

5001 2nd Ave Kearney, NE 68847

OFF-MARKET
Drive through restaurants
Property ID
US57-0807786
2,304 SF 0.55 ac lot Built 2021
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A freestanding quick-service restaurant building with a drive-thru (Chipotlane for digital pickup) is located in Kearney, Nebraska, as an outparcel to Hilltop Mall. The property includes a 2,304-square-foot building sited on a 0.55-acre parcel and was constructed in 2021. The development includes on-site access and functionality for drive-thru operations. It is associated with a Hilltop Mall retail trade area that includes major anchors such as JC Penney, Old Navy, Buckle, Dunham's, and Harbor Freight, with other nearby retailers including Target, Walmart, Marshall's, Ross, PetSmart, and Hy-Vee. The lease structure includes an expiration in 2032 followed by four additional five-year options, with a scheduled rent increase in 2027; the tenant is described as responsible for taxes, insurance, and CAM, while the landlord covers roof and structural maintenance.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2021
Construction CONCRETE BLOCKS
Total area 2,304 SF
Lot 0.55 ac (23,958 SF)
Zoning code 03-COMMERCIAL
APN 602619400
UPID US57-0807786

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service

Location

5001 2nd Ave Kearney, NE 68847-2424
Kearney metro Census 969203 KEARNEY, NE MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.63M

Owner & transaction history

since 2022
Last sale
$2.7M
3 recorded transactions
2022
$2.7M
2022
$2.7M
2020
$750,000

Zoning & alternative use

03-COMMERCIAL · Kearney, 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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