5202 L St Omaha, NE 68117

Property Details for 5202 L St

Year built

2014

Lot size

0.54 lot acres

Property size

1,890 SF

Property type

Drive through restaurants

APN

1417022056

APU

1417022056

Description

This exceptional retail property, located at 5202 L Street in Omaha, Nebraska, presents a compelling investment opportunity. The 1,890 square foot building, constructed and renovated in 2014, sits on a 0.54-acre lot and is zoned Community Commercial (CC-MCC). Currently vacant, it offers a strong potential for immediate income generation. The property benefits from a 10-year lease term, commencing June 7th, 2024, with two 5-year renewal options. Lease terms include a favorable Absolute NNN structure, ensuring minimal landlord responsibilities. Rent increases are structured with a 10% jump after the initial 5 years, followed by 2.5% annual increases thereafter. The property enjoys a prime location, boasting close proximity to Buena Vista High School and convenient access from L Street, just minutes from I-80. This is an ideal investment for those seeking a strong return with a long-term, secure lease. The asking price is $996,000, representing a compelling 6.50% capitalization rate. This property is part of a larger portfolio, but can be purchased individually.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Longitude

-95.9959

Latitude

41.2129

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments