Meadows Plaza

Discover the rare opportunity to acquire a newly constructed retail center with a prime location and diverse tenant mix at 2106-2108 Taylor Avenue, the Meadows Plaza.

The Plaza comprises 18,050 square feet of retail and office spaces initially built across a 1.78-acre lot in 2017, currently offering attractive masonry facades, a high-volume 108-space surface parking lot, outdoor green spaces, and prominent and highly visible signage. Ideal modern facilities and a well-connected location make the center a sought-after home for a wide variety of retail and office tenants, including Shelter Insurance, Jacobsen Therapy Services, and Miracle-Ear Hearing Aid Center. The center is approximately 60% leased, providing a strong opportunity for a value-add investor to lease the remaining spaces and capture growing local retail rents.

The center sits in the heart of Norfolk, the ninth-largest city in the state and the principal retail center of northeastern Nebraska, with connectivity to Omaha, Lincoln, Grand Island, and Sioux City. The promising retail center sits off US-275, the main thoroughfare of Norfolk, offering exposure to over 13,800 passing vehicles daily. The area sees heavy traffic due to local demand drivers such as the Sunset Plaza Mall and the Faith Regional Health Services campus, a nonprofit health care provider with over 1,300 employees, as well as a high concentration of national retailers including Walmart, Menard’s, Dollar Tree, Tractor Supply Co., Advanced Auto Parts, Anytime Fitness, and Target.

2106-2108 Taylor Avenue benefits from a robust demographic profile within five miles of the center, including a growing population of over 28,000, daytime employment of over 21,220, and an impressive consumer spend of over $327 million during 2022, with $296 million spent in retail. This stable workforce, customer base, and a recently constructed asset with a strong tenant mix make Norfolk the perfect place for a new investment.