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345 N 23rd Street
Lincoln NE, 68503 Land
0.0000 Acres
Antelope Square
About 345 N 23rd Street
MLS ID#22517485
Listing courtesy of: Woods Bros Realty
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.
Facts & Features
Lot Size
0.0000 Acres
0.0000 Acres
Sub Division
Antelope Square
Antelope Square
School District
Lincoln
Lincoln
Elementary
Elliott
Elliott
Middle School
Lefler
Lefler
High School
Lincoln High
Lincoln High
Mortgage Calculator
Est. Mo. Payment: $1,234.00
Loan Payment
$0000.00
Mortgage Insurance
$0000.00
Taxes
$0000.00
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This is not a commitment to lend. Not all borrowers will qualify. This is for illustrative purposes only and estimates are based on information you provided. Interest rates, mortgage insurance rates, and programs are subject to credit approval and available rates and terms will vary, sometimes drastically, based on borrower eligibility and program selected. For accurate interest rates and mortgage insurance rates please contact your mortgage consultant. For illustrative purposes FHA/VA and USDA loan amounts will include an estimate for the financed upfront MI amount.
The data relating to real estate for sale or rent on this web site comes in part from participation in IDX of one or more Multiple Listing Services. The listing broker is shown on each property’s page. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information copyright 2025.
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