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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
£1,396,873
Tenancy
Single
Number of Floors
1
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Scooter's Coffee
Village Inn
Buffalo Wings & Rings
Wells Fargo Home Mortgage
Russ's Market
Starbucks
IHOP
Granite City Food &  Brewery
Five Guys
Olive Garden Italian Kitchen

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-21-400-021-000
Land Assessment
£7,098,387
Improvements Assessment
£9,138,938
Total Assessment
£16,237,325
  • Listing ID: 32707741

  • Date on Market: 06/08/2024

  • Last Updated:

  • Address: 130 N 66th St, Lincoln, NE 68505

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