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Alliance Plaza 1325 W 3rd St

58,000 SF 75% Leased Retail Building Alliance, NE 69301 $3,495,000 ($60/SF) 3.56% Cap Rate

Investment Highlights

  • West Third Street retail location, parking lot and available store lease.

Executive Summary

Triple net leases with all tenants except the music store. The building's deferred repairs made in the last two years.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $198,000 $3.41
Other Income $4,000 $0.07
Vacancy Loss $15,000 $0.26
Effective Gross Income $187,000 $3.22
Taxes $28,000 $0.48
Operating Expenses $45,000 $0.78
Total Expenses $73,000 $1.26
Net Operating Income $114,000 $1.97

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $198,000
Annual Per SF $3.41
Other Income
Annual $4,000
Annual Per SF $0.07
Vacancy Loss
Annual $15,000
Annual Per SF $0.26
Effective Gross Income
Annual $187,000
Annual Per SF $3.22
Taxes
Annual $28,000
Annual Per SF $0.48
Operating Expenses
Annual $45,000
Annual Per SF $0.78
Total Expenses
Annual $73,000
Annual Per SF $1.26
Net Operating Income
Annual $114,000
Annual Per SF $1.97

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
58,000 SF
Building Class
C
Year Built/Renovated
1980/2022
Price
$3,495,000
Price Per SF
$60
Cap Rate
3.56%
NOI
$124,250
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.18
Lot Size
7.58 AC
Zoning
C-3 - Highway retail-multi-uses allowed.
Parking
300 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
550 FT on WEST 3RD STREET

Amenities

  • 24 Hour Access

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 15,000 SF
  • -
  • Triple Net
  • Feb 2026

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

  • Goodwill Industries Retail
  • -
  • 15,500 SF
  • -
  • -
  • Dec 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 15,000 SF - Triple Net Feb 2026
Goodwill Industries Retail - 15,500 SF - - Dec 2028

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 20,500 SF
  • Retail
  • -
  • 30 Days

Large retail space for lease located in the Alliance Plaza. Currently being used as warehouse storage for a bean processing company.

  • 1st Floor
  • 1,600 SF
  • Retail
  • -
  • 30 Days

Fully built out retail space but tenant improvements can be made.

  • 1st Floor
  • 2,800 SF
  • Retail
  • -
  • 30 Days

Fully built out retail space but tenant improvements can be made.

Space Size Space Use Position Available
1st Floor 20,500 SF Retail - 30 Days
1st Floor 1,600 SF Retail - 30 Days
1st Floor 2,800 SF Retail - 30 Days

1st Floor

Size
20,500 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size
1,600 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size
2,800 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size 20,500 SF
Space Use Retail
Position -
Available 30 Days

Large retail space for lease located in the Alliance Plaza. Currently being used as warehouse storage for a bean processing company.

1st Floor

Size 1,600 SF
Space Use Retail
Position -
Available 30 Days

Fully built out retail space but tenant improvements can be made.

1st Floor

Size 2,800 SF
Space Use Retail
Position -
Available 30 Days

Fully built out retail space but tenant improvements can be made.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
070208603
Land Assessment
$748,348
Improvements Assessment
$91,885
Total Assessment
$840,233
Annual Taxes
$28,000 ($0.48/SF)
Tax Year
2023
  • Listing ID: 31319424

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 1325 W 3rd St, Alliance, NE 69301

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