18780 68Th StHickman, NE 68372

Property Details for 18780 68Th St

Year built

2006

Lot size

0.44 AC

Property size (Sq ft)

4,800 SF

Zone code

C2

Property type

Retail space

APN

15-27-317-014-000

APU

1527317014000

Description

This exceptional opportunity presents the purchase of "East Meets West," a well-established Chinese restaurant located at 18780 S 68th St, Hickman, NE 68372. This thriving business, operating for 50 years (18 years at the current location), boasts impressive 2023 gross sales of $217,999. The 1,400 square foot space is situated in a Class B building and is leased under a NNN agreement with approximately five years remaining. The base rent is $1,564 per month, with CAM charges of $451 covering garbage, sewer/water, lawn care, snow removal, and parking lot maintenance. Utilities (gas, electric, internet, phone/fax) are the responsibility of the owner. The sale includes all inventory, furniture, fixtures, and equipment. The restaurant comfortably seats 32 diners, although a significant portion of sales comes from takeout orders. Current operating hours are Monday through Saturday, 11 AM to 2 PM and 4:30 PM to 8 PM, offering potential for revenue growth through extended hours. The seller will provide training on menu items, recipes, operations, and introductions to established clientele. The property is zoned for commercial use and is located in a vibrant area with a growing population. This turnkey operation offers a rare chance to acquire a profitable and long-standing business. The asking price is $85,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,259,382

  6.5%

  $1,162,507

  7%

  $1,079,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $865,227

  Geo Method

  $865,227

• Alternative Use

  Use

  Valuation

  Residential

  $980,618

  Hospitality

  $898,241

  Educational

  $747,326

  Medical

  $773,028

  Retail

  $1,162,507

Location Insight

City

Hickman

County

Lancaster

State

Nebraska

Latitude

40.627

Longitude

-96.6289

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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