East Park Plaza | 130 N 66th St
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East Park Plaza 130 N 66th St
70,000 SF Retail Building Lincoln, NE 68505 For Sale
Investment Highlights
- MARKET-LEADING GROCERY ANCHOR East Park Plaza is anchored by Russ’s Market, one of the most popular grocery chains in the Lincoln MSA. The chain is pa
- PROMINENT RETAIL LOCATION | ADJACENT TO REGIONAL MALL East Park Plaza enjoys prominent positioning along O Street, the primary retail thoroughfare ser
- COLLEGE TOWN | 210K RESIDENTS WITHIN 5-MILE RADIUS The subject offering caters to desirable surrounding demographics, featuring an affluent, densely p
- RESILIENT TENANT LINEUP The subject offering is one of the best positioned assets in the trade area given its unbeatable rent roll consisting of groce
- STRONG TENANT RETENTION | RECENT LEASING ACTIVITY The offering has experienced strong leasing velocity in recent years with new tenants, expansions, a
- SUBSTANTIAL VALUE-ADD OPPORTUNITY At 83.6% occupied and anchored by a stable rent roll, East Park Plaza presents an attractive value add opportunity.
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in East Park Plaza, a grocery-anchored shopping center with attractive value-add opportunities and a strategic position along Lincoln’s primary commercial thoroughfare. East Park Plaza features a freestanding Russ’s Market, a prominent regional grocer, and a competitive lineup of high performing medical, personal services, entertainment, and dining tenants.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
70,000 SF
Building Class
C
Year Built
1979
NOI
$1,785,255
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.08
Lot Size
19.37 AC
Zoning
B5
Parking
182 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
268 FT on 66th St
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-21-400-021-000 | Improvements Assessment | $11,679,900 |
| Land Assessment | $9,072,000 | Total Assessment | $20,751,900 |
PROPERTY TAXES
Parcel Number
17-21-400-021-000
Land Assessment
$9,072,000
Improvements Assessment
$11,679,900
Total Assessment
$20,751,900
Contacts
-
Richard Drogosz -
Ben Wineman -
Patrick Corrigan -
Olivia Simmons -
Mid-America Real Estate Corp.
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East Park Plaza | 130 N 66th St
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