345 N 23rd St Lincoln, NE 68503
Hawley NeighborhoodEstimated payment $2,041/month
About This Lot
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.
Property Details
Property Type
- Land
Lot Details
- Lot Dimensions are 70.13 x 142016
- Corner Lot
- Level Lot
Schools
- Elliott Elementary School
- Lefler Middle School
- Lincoln High School
Utilities
- Fiber Optics Available
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Antelope Square Subdivision
Listing and Financial Details
- Assessor Parcel Number 1024243015000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/25/2025 06/25/25 | For Sale | $317,028 | -- | -- |
Source: Great Plains Regional MLS
MLS Number: 22517485
