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1140 Nemaha St

9,100 SF Retail Building Humboldt, NE 68376 £821,886 (£90/SF) 7.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • 2.5% Broker Co-Op
  • 10% Increases in Renewal Period
  • Rent Increase on 5/1/2028
  • Absolute NNN Lease

EXECUTIVE SUMMARY

Absolute NNN Lease with +/- 9 Years remaining on Lease. This property can be purchased in a Five Property Dollar General Portfolio that consists of other locations in Madison, KS (+/- 9 Years remaining on Lease), Peabody, KS (8+ Years remaining on Lease).

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Year Built
2018
Price
£821,886
Price Per SF
£90
Net Initial Yield
7.50%
NOI
£61,641
Tenancy
Single
Number of Floors
1
Frontage
81 ft on Nemaha St

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 9,100 SF
  • -
  • NNN
  • Apr 2033

DG is proud to be America’s neighborhood general store. We strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 9,100 SF - NNN Apr 2033

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74-0084941
Land Assessment
£4,676
Improvements Assessment
£37,449
Total Assessment
£42,125
  • Listing ID: 32393249

  • Date on Market: 09/07/2024

  • Last Updated:

  • Address: 1140 Nemaha St, Humboldt, NE 68376

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