Investment Opportunity - The Edge - Commercial Center 5601 South 59th Street
Lincoln, NE 68516
For Sale
103,089 sqft
Sale Price
$12,940,000
View Floor Plans
Investment Opportunity - The Edge - Commercial Center 5601 South 59th Street - Image 1
Investment Opportunity - The Edge - Commercial Center 5601 South 59th Street - Image 2
Brochure
Map
Retail For Sale - Available Immediately
103,089 SF / 9.53 AC Lincoln Retail/Flex Center
99.5% Occupied with Below-Market Rent Net Leases - Allows an investor to have limited landlord responsibilities and ease of management.
Third Party Management - The property is currently managed by Greenleaf Commercial, a long-established Lincoln firm that has expressed an interest in continuing to manage the Asset.
Across from Target and Super Saver - Edge Commercial is adjacent and to the south of Target and Super Saver, providing a strong retail synergy.
Flexible Building - The property adaptable for different uses, could possibly be reused as quasi-industrial/showroom space.
The Property Contains Excess-Ground to the West - Allowing for an outlot development that can add ground rent or build-to-suit rent. There are conceptual drawings available in connection with this. See location identified on Site Plan herein.
Excellent Visibility and Easy Access with Strong Traffic Counts - Strategically located just off Highway 2, Old Cheney Road and S 56th Street, boasting over 50,000 VPD, respectively.
Densely-Developed Residential Market with Ideal Consumer Demographics - Within five miles of the site, demographic estimates include: population of 183,044, with 0.87% 5-year growth rate, 78,911 households & 96.9% employment rate.
Rubber Roof and Newer HVAC - The property features EPDM rubber membrane roof and newer rooftop HVAC units (HVAC 2020 or newer).
Business Friendly Climate - Lincoln is the state’s capital and home to the University of Nebraska.
Located in Lincoln’s Southeast submarket, 5-mile estimates include: 6,812 businesses, 113,476 employees & an avg. household income of $107,212.
Recent Cap Ex Upgrade Investments - Ownership has recently replaced concrete islands and curbing on the west side of the lot.
Get in touch
David H. Maenner
Mark Seger
INVESTMENT OPPORTUNITY
SALE PRICE $12,940,000
CAP RATE 7.5%
BUILDING SIZE 103,089 SF
GROSS LAND AREA 9.53 AC
SALE PRICE $12,940,000
CAP RATE 7.5%
BUILDING SIZE 103,089 SF
GROSS LAND AREA 9.53 AC
THE EDGE Property Information
Address: 5601 S 59th Street | Lincoln, Nebraska 68516
Year Renovated: 2020
County / ID No.: Lancaster / R65953
Assessed Value: $10,451,500
Ownership: Fee Simple
In-Place Occupancy: 99.53%
Tenancy: Multiple
No. of Tenants: Seven
Cross Streets: NEC of Highway 2 and 56th Street
Use: Retail / Office / Potential Flex
Zoning: B5
Traffic Counts (VPD):
- Highway 2 (Nebraska Parkway): ±29,000
- 56th Street: ±21,000
Address: 5601 S 59th Street | Lincoln, Nebraska 68516
Year Renovated: 2020
County / ID No.: Lancaster / R65953
Assessed Value: $10,451,500
Ownership: Fee Simple
In-Place Occupancy: 99.53%
Tenancy: Multiple
No. of Tenants: Seven
Cross Streets: NEC of Highway 2 and 56th Street
Use: Retail / Office / Potential Flex
Zoning: B5
Traffic Counts (VPD):
- Highway 2 (Nebraska Parkway): ±29,000
- 56th Street: ±21,000
Total Space Available
103,089 sqft
Sale Price
$12,940,000
Get in touch
David H. Maenner
Mark Seger