345 N 23rd Street
Lincoln, NE 68503
Acres (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
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
WaterSource: Public
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Road Types
AsphaltCity Street -
Fencing
None
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Lot Information
Lot Dimensions: 70.13 x 142016 Lot Description: Under 1/4 Acre, City Lot, Corner Lot, Curb and Gutter, Curb Cut, Level Lot Size Units: Square FeetProperty Information
Property Type: Land Sub Type: Unimproved LandSubdivision: Antelope Square
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Listing Price Information
Original Listing Price: $317028
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Tax Information
Parcel Number: 1024243015000 Annual Tax: $0
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Elementary School: ElliottJunior High School: LeflerSenior High School: Lincoln High
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Utility Information
Electricity Available, Natural Gas Available, Water Available, Sewer Available, Storm Sewer, Phone Available, Fiber Optic, Cable Available -
Location Information
Direction: North of O Street on 23rd
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ByOwner last updated this listing 06/18/2026 @ 13:16
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