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Parachute Plasma 3427 Capital

6,408 SF 100% Leased Retail Building Grand Island, NE 68803 £4,444,989 (£694/SF) 7.50% Net Initial Yield

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
£4,444,989
Price Per SF
£694
Net Initial Yield
7.50%
NOI
£333,374
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.04
Lot Size
3.47 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
COMMERCIAL
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3427 Capital, Grand Island, NE - aerial map view

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

Parcel Number 400149842 Improvements Assessment £1,219,932
Land Assessment £374,733 Total Assessment £1,594,665

PROPERTY TAXES

Parcel Number
400149842
Land Assessment
£374,733
Improvements Assessment
£1,219,932
Total Assessment
£1,594,665
(513) 300-0763

Contact

  • Listing ID: 34159477

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 3427 Capital, Grand Island, NE 68803

The Retail Property at 3427 Capital, Grand Island, NE 68803 is currently available for sale. Contact Bang Realty for more information.

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3427 Capital, Grand Island, NE for sale Primary Photo- Image 1 of 3
3427 Capital Ave - Grand Island, NE - Main
3427 Capital, Grand Island, NE for sale Aerial- Image 2 of 3
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© 2024 CoStar Group

Parachute Plasma | 3427 Capital
(513) 300-0763 x

Parachute Plasma | 3427 Capital

Brian Brockman

(513) 300-0763

(513) 300-0763

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