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- LoopNet Team
110 W 56th St
Kearney, NE 68847
Burger King: 16+ Years Remain on Abs NNN Lse · Retail Property For Sale
PROPERTY FACTS
- Fast Food
- General Retail Freestanding
- General Retail Restaurant
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).
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PROPERTY TAXES
Parcel Number | 605179507 | Improvements Assessment | $1,431,707 |
Land Assessment | $416,973 | Total Assessment | $1,848,680 |
PROPERTY TAXES
Listing ID: 15272414
Date on Market: 2019-02-25
Last Updated:
Address: 110 W 56th St, Kearney, NE 68847
The Retail Property at 110 W 56th St, Kearney, NE 68847 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.