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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



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
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 003680500 | Improvements Assessment | $1,170,228 |
| Land Assessment | $194,030 | Total Assessment | $1,364,258 |
Property Taxes
Parcel Number
003680500
Land Assessment
$194,030
Improvements Assessment
$1,170,228
Total Assessment
$1,364,258
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Walgreens | 502 S 11th St
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