345 N 23rd Street, Lincoln, NE 68503
Local realty services provided by:Better Homes and Gardens Real Estate The Good Life Group
345 N 23rd Street,Lincoln, NE 68503
$317,028
- 0 Acres
- Lots / Land
- Active
Listed by:joe mara
Office:woods bros realty
MLS#:22517485
Source:NE_OABR
Price summary
- Price:$317,028
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:91 day(s) ago
- Updated:September 10, 2025 at 05:00 PM
Schools
- High school:Lincoln High
- Middle school:Lefler
- Elementary school:Elliott
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$317,028
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