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345 N 23rd Street, Lincoln, NE 68503

Local realty services provided by:CENTURY 21 Century Real Estate
345 N 23rd Street,Lincoln, NE 68503
$292,640
  • 0 Acres
  • Lots / Land
  • Active
Listed by: joe mara
Office: woods bros realty
MLS#:22517485
Source:NE_OABR

Price summary

  • Price:$292,640

About this home

This property has a 99 year ground lease in place which began July 1, 2021. The lease is an absolute NNN, with no landlord responsibilities or expenses. The monthly rent July 1, 2025 is $1585.14. The annual rental increases are 2%, or the consumer price index, whichever is greater. The property is improved with a $3,750,000 mixed use building that includes retail and housing. The price is based on a cap rate of 6, which is excellent for a ground lease with rate bumps. Typical rate bumps are at 5-10 year increments and are annual and compounding. Offers will require a three week response time to an RFR. The property itself is free and clear, and not subject to any debt on the improvements.

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Home facts

  • Listing ID #:22517485
  • Added:219 day(s) ago
  • Updated:January 30, 2026 at 03:37 PM

Schools

  • High school:Lincoln High
  • Middle school:Lefler
  • Elementary school:Elliott

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$292,640

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