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FORMER BURGER KING - LINCOLN, NE 1448 N 48th St

2,968 SF Retail Building Lincoln, NE 68504 £1,075,869 (£362/SF)

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Investment Highlights

TURNKEY VALUE-ADD OPPORTUNITY FOR USER OR DEVELOPER WITH DRIVE-THRU
Adjacent to University of Nebraska Lincoln East Campus (23,600 students in all 3 campuses)
According to Bureau of Labor Statistics (Apr 2024), National unemployment rate at 3.9% | Lincoln’s unemployment rate at 2.1%

Situated on the hard corner (infill location) with high drive-by visibility with traffic counts of 30,570
Just one mile south of Nebraska Wesleyan University (3,703 students)
2024 DEMOGRAPHICS: Total Population (5-MI): 219,619 | Average Household Income (5-MI): $94,020

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,968 SF

Building Class

Year Built/Renovated

1983/2014

Price

£1,075,869

Price Per SF

£362

Tenancy

Single

Number of Floors

Building FAR

0.09

Lot Size

0.74 AC

Zoning

Frontage

140 ft on 48th St

Amenities

Pylon Sign

Signalised Intersection

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
-
-
NNN
Jun 2036

Every day, guests visit Burger King restaurants around the world. And they do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for years.

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
	Accommodation and Food Services	-	-	NNN		Jun 2036

Space Availability

1st Floor
1 SF
Retail
-
Dec 2024

TURNKEY VALUE-ADD OPPORTUNITY FOR USER OR DEVELOPER WITH DRIVE-THRU.? The property is situated on the hard corner (infill location) with high drive-by visibility with traffic counts of 30,570 - Adjacent to University of Nebraska Lincoln East Campus (23,600 students in all 3 campuses) and just one mile south of Nebraska Wesleyan University (3,703 students).? Major Retailers nearby are: Costco, Target, Walmart, Sam’s Club, Lowe’s, Menards, Home Depot, At Home, Scheels, Kohl’s, Dick’s Sporting Goods, Hobby Lobby, T.?J.? Maxx, Marshalls & HomeGoods, DSW, Michaels, Joann Fabrics, Kirkland’s Home, Five Below, Barnes & Noble, Office Depot, Staples, Hy-Vee, Super Saver, Natural Grocers, Whole Foods, Russ Market, Trader Joe’s, Petco, Best Buy, Big Lots, Tractor Supply Co; Less than 3 miles from CHI Health St.? Elizabeth (258 beds); 5 miles from Bryan Medical Center West & 2 miles from Bryan Medical Center East (664 beds in both campuses).?