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110 W 56th St
Kearney, NE 68847

Burger King: 16+ Years Remain on Abs NNN Lse · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
4,051 SF
Building Class
B
Year Built/Renovated
1995/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.15 AC
Zoning
03

About 110 W 56th St , Kearney, NE 68847

Burger King has 16+ years remaining on an Absolute NNN lease with attractive 1.50% annual rental escalations during initial lease term and four 5-year renewal options. The tenant, S&H Restaurants, LLC is an experienced 5-unit operator with locations throughout central Nebraska. This asset has been successfully open and operating for decades with an attractive 8.8% rent-to-sales ratio. The tenant spent over $300,000 in 2016 for interior & exterior renovations. Burger King is located in Kearney, Nebraska in a dense retail corridor, just off a hard corner with great drive by visibility. Nearby retailers include: Walmart Supercenter, Target, Menards, Hobby Lobby, Hy-Vee, JCPenney, Ashley HomeStore, Sears Hometown Store, Old Navy, Maurices, Marshalls, Goodwill, PetSmart, Sally Beauty, Cato, etc. The subject location is 2.5 miles from University of Nebraska at Kearney (enrollment of 6,644 students), 2 miles from CHI Health Good Samaritan (233 beds), and 5 miles from Kearney Regional Medical Center (89 beds).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
605179507
Land Assessment
$416,973
Improvements Assessment
$1,431,707
Total Assessment
$1,848,680
  • Listing ID: 15272414

  • Date on Market: 2019-02-25

  • Last Updated:

  • Address: 110 W 56th St, Kearney, NE 68847

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