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Alliance Plaza 1300-1322 W 3rd St 58,573 SF 59% Leased Retail Building Alliance, NE 69301 $4,500,000 ($76.83/SF) 2.76% Cap Rate

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Investment Highlights

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

Executive Summary

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

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $198,000 $3.38
Other Income $4,000 $0.07
Vacancy Loss $15,000 $0.26
Effective Gross Income $187,000 $3.19
Taxes $28,000 $0.48
Operating Expenses $38,000 $0.65
Total Expenses $66,000 $1.13
Net Operating Income $121,000 $2.07

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $198,000
Annual Per SF $3.38
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 $3.19
Taxes
Annual $28,000
Annual Per SF $0.48
Operating Expenses
Annual $38,000
Annual Per SF $0.65
Total Expenses
Annual $66,000
Annual Per SF $1.13
Net Operating Income
Annual $121,000
Annual Per SF $2.07

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Building Size
58,573 SF
Building Class
C
Year Built/Renovated
1977/2022
Price
$4,500,000
Price Per SF
$76.83
Cap Rate
2.76%
NOI
$124,200
Percent Leased
59%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.19
Lot Size
6.92 AC
Zoning
C-3
Parking
335 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
510’ on 3rd Street

Amenities

  • 24 Hour Access
  • Signage
  • Air Conditioning

Major Tenants

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

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • 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
  • -
  • Now

Large retail space for lease located in the Alliance Plaza previously used as warehouse storage for a bean processing company. Space is vacant and ready for tenant improvements. Great location for a grocery store.

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

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

  • 1307
  • 2,600 SF
  • Restaurant
  • -
  • 120 Days
Space Size Space Use Position Available
1st Floor 20,500 SF Retail - Now
1st Floor 1,600 SF Retail - 120 Days
1307 2,600 SF Restaurant - 120 Days

1st Floor

Size
20,500 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

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

1307

Size
2,600 SF
Space Use
Restaurant
Position
-
Available
120 Days

1st Floor

Size 20,500 SF
Space Use Retail
Position -
Available Now

Large retail space for lease located in the Alliance Plaza previously used as warehouse storage for a bean processing company. Space is vacant and ready for tenant improvements. Great location for a grocery store.

1st Floor

Size 1,600 SF
Space Use Retail
Position -
Available 120 Days

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

Nearby Major Retailers

Scooter's Coffee
First National Bank of Omaha

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 070045283
  • 070104603
Land Assessment
$216,439 (2025)
Improvements Assessment
$1,162,075 (2025)
Total Assessment
$1,378,514 (2025)
Annual Taxes
$28,000 ($0.48/SF)
Tax Year
2024 Payable 2025
  • Listing ID: 31319424

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 1300-1322 W 3rd St, Alliance, NE 69301

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