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Parachute Plasma 3427 Capital

6,408 SF 100% Leased Retail Building Grand Island, NE 68803 $5,674,696 ($886/SF) 7.50% Cap Rate

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Growing Credit | The lease is subject to a corporate guarantee by Join Parachute.
  • Attractive Rental Increases | This lease offers attractive rental growth, with a 2.00% annual increase beginning in the seventh year.

Executive Summary

Bang Realty is pleased to present the exclusive listing for a Parachute Plasma located at 3427 W. Capital Ave, Grand Island, NE 68803. The site consists of roughly 6,408 rentable square feet of building space on an estimated 1.69-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which commences at close for escrow. The current annual rent is $425,602 and has scheduled increases of 2.00% annually starting year 7

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,408 SF
Building Class
C
Year Built
2023
Price
$5,674,696
Price Per SF
$886
Cap Rate
7.50%
NOI
$425,602
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
3.47 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL

Nearby Major Retailers

Heartland Bank & Trust Company
Anytime Fitness
U.S. Bank
Pinnacle Bank
CrossFit
Carlos O'Kelly's
Bank of Montreal
Red Lobster

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
400149842
Land Assessment
$478,403
Improvements Assessment
$1,557,426
Total Assessment
$2,035,829
  • Listing ID: 34159477

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 3427 Capital, Grand Island, NE 68803

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