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Walgreens 502 S 11th St 12,153 SF Retail Building Nebraska City, NE 68410 $3,900,000 ($320.91/SF) 7.93% Cap Rate

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EXECUTIVE SUMMARY

Introducing WALGREENS PHARMACY Located at 502 S 11th St, Nebraska City, NE 68410, this 13,650 sq ft Walgreens retail store is a lucrative investment opportunity. Under a 75-year Absolute Triple Net lease, the property offers stable income with approximately 10 years left in the current term, and the tenant has termination options every 5 years. Benefiting from a prime location at a major intersection, the property boasts high visibility and accessibility in Nebraska City. With a robust demographic profile including an average household income of over $72,000 and a population exceeding 7,000 within a 3-mile radius, the area provides a strong consumer base. In addition, the lease is backed by Walgreens Boots Alliance, ensuring long-term reliability with an S&P-rated "BB" investment-grade corporate guaranty. Surrounding amenities include popular retailers like McDonald's, Walmart, and Hy-Vee, as well as convenient access to major highways linking Nebraska City to key regional destinations. Don't miss this chance to own a premium commercial asset in a thriving location with immense potential.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,153 SF
Building Class
B
Year Built
2009
Price
$3,900,000
Price Per SF
$320.91
Cap Rate
7.93%
NOI
$309,318
Tenancy
Single
Building Height
1 Story
Building FAR
3.88
Lot Size
0.07 AC
Zoning
Z03
Parking
54 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
256’ on 11th St

AMENITIES

  • Signage
  • Signalized Intersection
  • Drive Thru
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Hy-vee
CrossFit
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
003680500
Land Assessment
$194,030
Improvements Assessment
$1,170,228
Total Assessment
$1,364,258
  • Listing ID: 34400098

  • Date on Market: 1/7/2025

  • Last Updated:

  • Address: 502 S 11th St, Nebraska City, NE 68410

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