pinnacle commercial group · $55,792. between 2015-2016 lincoln grew 1.09% and the household income...
TRANSCRIPT
Single tenant retail – 2740 superior st. Lincoln, ne 68521
Pinnacle Commercial Group
Legal Disclaimer
This confidential offering memorandum (“memorandum”) is solely for the use of the prospective purchasers in determining a threshold level of interest in the subject property/asset. The information contained in the memorandum is strictly confidential and is intended to be reviewed only by the party receiving it. The Memorandum should not be made available to any other person, entity, or affiliates without the written consent of Pinnacle Commercial Group. By taking possession of an reviewing the contents of the memorandum the recipient agrees to hold and treat all such information with the strictest confidence. While the information contained in this memorandum has been complied from sources we believe to be reliable, neither Pinnacle Commercial Group nor its representatives make any representations or warranties as to the accuracy or completeness of the information contained in this memorandum. All the financial information and projections are provided for reference only and are based on assumptions relating to the general economy, market conditions, and other factors beyond our control. Prospective lessees are encouraged to conduct an independent due diligence investigation, prepare independent financial projections, and consult with their legal, tax and other professional advisors before making an investment decision. Pinnacle Commercial Group does not have authority to legally bind the lessor and no contract or agreement providing for any transaction shall be deemed to exist unless and until a final definitive contract of lease has been executed and delivered to you by the lessor. This offering is subject to prior placement, withdrawal, cancellation or modification without notice.
All references to measurements including but not limited to square footage, acreage, distance are approximations must be independently verified. The presence of any corporations or tenants logo or name is not intended to imply affiliation with, or endorsement by Pinnacle Commercial Group and is solely included for the purpose of providing information in the offering memorandum.
Offer ProcessTraditional Offering process: Requests for Proposals need to be addressed to Mr. Boomer Peterson and Mr. Bob Peterson terms and conditions should include at minimum:
Offering Price
Rental Rate/Improvements/Lease Term
Due Diligence and Closing Period
Description of purchaser and Proof of Funds
Tours must be scheduled
Contact Information
Mr. Boomer Peterson – Partner
Lic. #20150894
(402) 430.2318
Mr. Bob Peterson – Partner
Lic. #0800114
(402) 432.1805
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Executive Summary
Introduction
Investment summary
Property Overview
Lease Information
Site plan
Market Overview
Demographics
Trade Area Map
Market Overview
Market Information
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Executive Summary
Property Details
Pinnacle Commercial Group is pleased to present this offering for the ability for a tenant to lease at 2740 Superior St Lincoln, NE. The property is a
free standing single tenant building with direct visibility.
The property is located off Superior Street and N 27th Avenue in a very strong trade area. The building is out parceled to Walmart and sits next to a
signalized direct access point into the main shopping center. There is ample parking for this property and cross flow traffic from the complimentary
tenant mix in the shopping center.
The strong tenant mix with nationals such as Walmart, Sam’s Club, McDonald’s and will give a tenant confidence in this location. Furthermore, there
are strong regional tenants as well like Hy-Vee, Runza and Scooter’s further demonstrating this area is one of the strongest trade areas in Lincoln.
Tenants will have the flexibility to make this space their own with the space.
Address 2740 Superior St Lincoln NE 68521
Year Built 1993
Building Size 3060± SF
Property Area 0..81± Acres
Units 1
Asset Class Retail
Market Lincoln, NE MSA (North)
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Investment highlights
Strong Trade Area with National Tenants
Next to Signalized Direct Access into the Center
Out parceled to Nationals like Walmart and Sam’s Club
Lease Summary
Annual Rent: $107,000 RPSF: $35
Monthly Rent Yr. 1:$8,925
Lease Structure: NNN Absolute
Basic Shape allows for Tenant Improvements
Direct Visibility on Major Thoroughfare and Ample Parking
Parking Spaces: 45
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Lease Information
TENANT Retail | Mixed Use | Street Retail | Restaurant
ADDRESS 2740 Superior St Lincoln, NE 68521
CONTIGOUS SPACE 3,060 SF
PARKING SPACES 45 ( 14.70 per 1,000 SF)
ANNUAL LEASE RATE $35 PSF
MONTHLY LEASE RATE $8.95
LEASE STRUCTURE NNN, Absolute NNN
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Site Plan
85’
85’
36’
36’
Retail Store3060 SF
o Property Class CI
o Ceiling Height 12’
o Curtain Metal Glass Panels 26%
o Stud – EIFS Stucco 74%
o Warm & Cooled Air 100%
o Zoning B5
o Parking Spaces 45
o Legal: Lincoln
Crossing Second Addition Lot 1
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Construction Detail
Site Plan
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Demographics
1 mi 3 mi 5 mi
8,302 88,684 176,569
population
Household Income
1 mi 3 mi 5 mi
$47,149 $40,137 $42,891
Traffic Counts
Superior N 27th
17,860 22,180
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Market Intelligence
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5.3%
Retail vacancy
NNN ASKING RENTS
Absorption
Source: nai fma 2nd qtr 2018 report
Trade Area
Market OverviewLincoln’s Fastest Growing Companies Inc.'s 5000 list
o Hudl
o Infogressive
o Five Nines Technology Group
o Executive travel
o Lincoln industries
o Pen-Link
o Heme Management
Lincoln Is a growing robust college town in the
Big Ten conference. In 2016 the population was
284,734 with an average median age of 32.6
years old and a median household income of
$55,792. between 2015-2016 Lincoln grew
1.09% and the household income saw an 8.33%
increase. Lincoln offers growing wages with lower
cost of living. The median property value in
Lincoln is $160,600. the economy employs
155,439 people with the largest sectors
represented being public administration,
educational services and financial & insurance.
The finance sector employs 1.37 times more
people than what would be expected in a location
of this size. According to the bureau of labor
statistics the unemployment rate of Lincoln, NE is
2.6%.
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Trade Area
Market Rankings
12
hardest Working city in America
Best city for jobs
Highest quality of life
#3
#1
#2
Smartasset.com
forbes
The huffington post
Most Beautiful#1The culture Trip
Market information
Median Income $56,160 0.66% GROWTH
Population 284,734 1.56% Growth
Median Property Value $171,300 6.66% Growth
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Unemployment 2.80% UNCHANGED
Univ. of Neb $2.2B ECONOMIC IMPACT
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Contact Information
Mr. Boomer Peterson – Partner
(402) 430.2318
Mr. Bob Peterson – Partner
(402) 432.1805