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:174 day(s) ago
- Updated:December 17, 2025 at 06:56 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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