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Shops At L St
Omaha, NE 68137
NNN Leases- PAD of L Street Marletplace · Retail Property For Sale
PROPERTY FACTS
ABOUT SHOPS AT L ST , OMAHA, NE 68137
Shops at L St. Marketplace- NNN- PAD Super Target 100% OCCUPIED! PROVEN SITE! We are pleased to offer to purchase fee simple (ownership of land and building) a 100% occupied, 12,279 SF two tenant strip center located as an outparcel to the prominent L Street Marketplace which contains anchor tenants such as Super Target, ULTA, Petco, Buy Buy Baby, Cost Plus, Ross Dress for Less, and Michael' s. The property is leased to Jason' s Deli (5-unit franchisee) which has approx. 11 years remaining after extending their original term in 2016 for 10 additional years and Charming Charlie's (corporate lease) which has approx. 4 years remaining after an automatic option took effect as this location met certain performance hurdles extending their term. Jason' s Deli has two additional rental increases of 7% in 2021 and 2025 with 3 - 5 year option periods. Charming Charlie' s offers 3 - 5 year option periods which are adjusted to the greater of 6% of gross sales or 10% increases every 5 years. 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 and an AHHI of $85,629 within a 5-mile radius.
PROPERTY TAXES
| Parcel Number | 0011-0576-16 | Improvements Assessment | $2,035,100 |
| Land Assessment | $698,100 | Total Assessment | $2,733,200 |
PROPERTY TAXES
