Natural Grocers - Lincoln, NE

212 N 48th St Lincoln , NE 68504-3502

Natural Grocers - Lincoln, NE - Retail for sale

Download Offering Memorandum


JLL is pleased to offer for sale the fee-simple interest in a single tenant Natural Grocers (the Property or Asset), located in Lincoln, Nebraska. The asset is situated in a major retail corridor with high traffic counts and impressive surrounding tenants. The Asset features 9.5 years of contractual term remaining and an absolute-net lease with zero landlord obligations, making this a perfect property for hands-off or out-of-market investors seeking passive income. This a rare opportunity to acquire a well located college-town asset leased long-term to a desirable, fast-expanding tenant with absolutely zero management responsibilities and extensive initial term remaining.

Investment Highlights

• Approximately 8.5 years of contractual lease term remaining, with rent growth every 5 years throughout the initial term and all three 5-year options

• Well located on a prime hard corner in dense and growing Lincoln, NE with impressive surrounding demographics and new development in progress around the site

• Located just 2.5 miles from the University of Nebraska, with an enrollment of over 25,000

• Ideal absolute NNN lease structure with zero landlord responsibilities

• Significant proximate retail, including Target, Walgreens, CVS, Hy-Vee,

• Desirable and expansive tenant (over 130 locations) in a growing and internet-resistant vertical

Property Type Retail
Tenure Type Sale / Purchase
Property Address 212 N 48th St, Lincoln, NE 68504-3502
Land In Acres 1.48
Building Size 13,028  ft2
Price $5,506,900
Cap Rate 7.00%
Current NOI $385,485.00
Tenant's Name Natural Grocers By Vitamin Cottage, Incorporated
Lease Type NNN
Lease Expiration Date 03/31/2027
Remaining Term 7.8Yrs

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