Fazoli's Ground Lease
Lincoln, NE 68503-2824
Fazoli's Logo Image
4603 Vine St
Lincoln, NE 68503-2824
  • Asking Price: $1,020,000
  • Cap Rate: 6.28%
  • Lease Type: Ground Lease
  • Status: Under Contract
PROPERTY DETAILS:

Contact: OMNE Partners TJ Twit - 402.505.7691 Investment Highlights: Absolute NNN Ground Lease – There are zero landlord responsibilities. Tenant pays directly for 100% of CAM, taxes, and insurance and self-maintains the premises. • College Town Location – The site is located 2 miles east of the University of Nebraska, which enrolls 26,000 students. • Long-Term Tenancy with Upside – Fazoli’s has 22 years of historical occupancy and a 15% rent increase in their final option. • Growing Brand – Fazoli’s experienced excellent revenue growth in 2017 with system-wide same-store sales increasing 5.1% over 2016. There are plans for 10+ new restaurant openings in 2018. • Strong Operator – This location is operated by Bridgeman Hospitality Group, who has more than 450 restaurants nationwide. • National Retail Presence – Other national brands in the area include Target, McDonald’s, Outback Steakhouse, Ace Hardware, Michaels, T.J. Maxx, and AutoZone, among others.