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700 S 13th St 4,304 SF 100% Leased 4-Star Retail Building Norfolk, NE 68701 $2,869,437 ($666.69/SF) 6.75% Cap Rate
Executive Summary
The subject is strategically located at the signalized, hard corner intersection of 13th Street and Pasewalk Avenue, averaging a combined 28,500 vehicles passing by daily. The property also benefits from nearby access onto U.S. Highway 275 (17,600 VPD) and State Highway 35 (11,400 VPD), making it a centralized location with easy access. The strip is ideally situated within a dense retail trade area and lies as an outparcel to Pasewalk Plaza, a 35K+ SF Neighborhood Center with a strong mix of national and regional tenants. The surrounding tenants in the area include Walmart Supercenter, Harbor Freight, Hy-Vee, DaVita Dialysis, Target, Menards, CVS Pharmacy, and others. The strong tenant presence drives a loyal, local customer base to the area, promoting crossover exposure and contributing to the economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Oak Park (64 units), Odd Fellow Manor (92 units), Woodwinds Apartments (50 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 29,500 residents and 21,500 daytime employees with a healthy average household income of $84,581.
Property Facts
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
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99,999 SF
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$9.99
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Jan 0000
Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.
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- Information
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99,999 SF
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$9.99
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Jan 0000
T-Mobile began in 1994 as VoiceStream Wireless, founded by John W. Stanton, before being acquired by Deutsche Telekom in 2001. The company pioneered the Un-carrier movement in 2013, challenging industry norms with customer-centric policies. Through strategic mergers with MetroPCS and Sprint, T-Mobile expanded its network capabilities and market presence. Today, the company provides nationwide wireless services including voice, messaging, data, and 5G connectivity for both consumers and businesses. T-Mobile also offers home internet solutions and continues pushing technological boundaries in telecommunications.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Accommodation and Food Services | 99,999 SF | $9.99 | Jan 0000 | ||
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Information | 99,999 SF | $9.99 | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 590297341 | Improvements Assessment | $1,241,821 |
| Land Assessment | $363,526 | Total Assessment | $1,605,347 |
Property Taxes
Presented by
700 S 13th St
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