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Shops At L St
Omaha, NE 68137

NNN Leases- PAD to Super Target · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
12,655 SF
Building Class
B
Year Built
2009
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.94 AC
Zoning
MU
Parking
49 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
106 FT on L St

About Shops At L St , Omaha, NE 68137

Shops at L St. Marketplace- NNN- PAD Super Target 100% OCCUPIED! DIVERSE TENANT MIX! We are pleased to offer to purchase fee simple (ownership of land and building), a 100% leased, 12,655 SF strip center located as an outparcel to the L Street Marketplace which includes anchor tenants such as Super Target, ULTA, Petco, Cost Plus, Ross Dress for Less, Buy Buy Baby, and Michael' s. Fully leased to T-Mobile (corporate-credit tenant), Buffalo Wings & Rings, Geico and Okinawa Sushi Bar & Grill on NNN leases; these tenants provide stable cash flow with favorable rental increases throughout the their respective terms. T-Mobile has signed a brand new 10 year lease expiring in 2028 which includes an 8.3% rental increase in 2023 and 10% rental increases each option period. Buffalo Wings & Rings provides an 8% rental increase in November of 2022 and Geico contributes 3% annual increases throughout their term and option period with a 10.9% increase at the beginning of their option. Furthermore, this property is supported by excellent market fundamentals as it is located along the highly trafficked L Street (61,400+ VPD) with excellent visibility and over 218,400 residents with an AHHI of $85,629 within a 5-mile radius.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0011-0574-16
Land Assessment
$518,100
Improvements Assessment
$2,844,200
Total Assessment
$3,362,300
  • Listing ID: 9151771

  • Date on Market: 9/14/2017

  • Last Updated:

  • Address: Shops At L St, Omaha, NE 68137

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