Joseph E. Kean Company
Properties

GREAT INTERSTATE 80 LOCATION - LINCOLN, NE
Free Standing Food Court with Three Franchises Included all for only $950,000!


Features
  • Great I-80 Location - Lincoln Airport Interchange
  • Nearly 1000 motel rooms on this interchange
  • Large and growing employment base surrounding this site
  • Across the street from McDonald's and high-volume BP gas station
  • Two drive-through windows/lanes
  • Priced Below Replacement Cost
  • Operating Franchised Businesses can stay; or can be delivered vacant
  • Possible Owner Financing

Description

Free standing food court located between busy I-80 interchange, Lincoln Municipal Airport and large business park. Strong and growing residential backup. Numerous large employers in the area including Kawasaki, Nebraska National Guard and Nebraska Air National Guard, Duncan Aviation, Experian and others. McDonald's across the street. Can be purchased "as-is" with Baskin-Robbins, Quizno's, Taco Maker and Asian concept in operation or, can be delivered vacant for an alternate use. Possibility of owner financing. Stylish building constructed far above required standards. Office space and bath facilities in upstairs area. PLEASE contact listing agent before inspecting. Owner does not want to alarm employees! Also possibility of buying operating businesses and leasing the building.

Located on Interstate 80 interchange at the Lincoln Municipal Airport. This property is at the entrance to a business park and residential subdivision. There are nearly 1000 motel rooms on this interchange. Most do not have restaurant facilities. Lots of employment in the area. High traffic section of I-80.


JUST LISTED - RAISING CANE’S
Price: $2,875,000
Cap Rate: 8%
Initial Rent: $229,837 annually – absolutely net of expenses!

Features

  • Perfect for a tax-deferred Exchange
  • Hard-corner, signalized intersection – great visibility
  • Located between Target & Best Buy
  • 15 year lease with rent increases every five years plus multiple renewal options
  • NO landlord responsibilities
  • Exciting redevelopment area – Walgreens, banks, restaurants
  • Lease is corporately guaranteed and PERSONALLY guaranteed by company president

  • WASHINGTON MUTUAL
    S&P Credit Rating of BBB+
    Features

  • Leases for Land & Building or Land Only
  • No Expenses - No Management
  • Extraordinary Level of Security and Peace of Mind
  • Primary Term of Land Lease usually 20 Years + Options
  • Tenant builds and pays for building
  • Non-recourse Financing on Favorable Terms

  • Description

    Washington Mutual was founded in Seattle, Washington in 1889 to help rebuild Seattle after a fire destroyed its business district. Since that time Washington Mutual (WaMu) has grown to over 1,500 locations across the United States. The company has concentrated on high-growth markets. Investment in WaMu properties is most often available in the form of a land lease. In this instance, WaMu builds a building on the investors land at WaMu’s expense and this building eventually becomes the investors’ property. This is the epitome of a low-risk, carefree, investment.


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    Walgreens Drugstore
    - S & P Credit Rating of A+
    Features

  • Net Lease of 25 Years + Options
  • No Expenses - No Management
  • Prime High Demographic Locations
  • Freestanding – High Traffic – Signalized Intersections
  • Non-recourse (No Personal Liability) Financing
  • Guaranteed Monthly Income for at Least 20 Years
  • Financing Paid Off By End of the Primary Lease Term

  • Description

    WALGREENS is considered to be the epitome of quality net-leased investments. The income stream is guaranteed by the credit of this “A+” rated company. At the end of the 20 year primary term of the lease, there are usually six (6) options to renew for additional terms of five (5) years each. Most WALGREENS' leases include “percentage rent” clauses in which additional rent would be payable to the landlord if sales exceed a pre-determined level. The investor’s only responsibility is the integrity of the roof and structure.


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    Office Depot
    - S & P Credit Rating of BBB
    Features

  • Net Lease of 15 - 20 Years + Options
  • Some with Fixed Rental Increases
  • No Expenses – No Management
  • Prime High Demographic Locations
  • Freestanding – High Traffic – Signalized Intersections
  • Non-recourse (No Personal Liability) Financing
  • Income will Retire Debt during Primary Lease Term

  • Description

    OFFICE DEPOT is the world’s largest seller of office products and an industry leader in every distribution channel, including stores, direct mail, contract delivery, the Internet and business-to-business. OFFICE DEPOT operates 1003 stores of which 822 are in the U.S. The company has over $11 Billion in annual sales. Leases for this tenant often include either contractual increases in rent or “percentage rental” clauses. Typically, the investor’s only responsibility is roof and structure.


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    CVS Pharmacy
    - S & P Credit Rating of “A”
    Features

  • Net Lease of up to 22 Years + Options
  • No Expenses – No Management
  • Prime High Demographic Locations
  • Non-recourse (No Personal Liability) Financing
  • Financing Paid in Full by End of Primary Lease Term

  • Description

    CVS Corporation is the largest pharmacy dispensing company in America based on number of stores (almost 4,200) and number of prescriptions filled. It is #2 behind Walgreens in gross revenue with more than $22 Billion in the past year. CVS leases are typically for a primary term of 20 years with some as long as 22 years to allow for more favorable financing. Most leases either provide for fixed rental increases or percentage rent.