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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 Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.
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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 US is a publicly traded wireless telecommunications provider headquartered in Bellevue, Washington. Established in 1994 as VoiceStream Wireless, the company was later acquired by Deutsche Telekom and rebranded under the T-Mobile name. Its operations focus on nationwide mobile communication services, including wireless voice, data, and broadband offerings. The company has grown through major industry milestones, most notably its merger with Sprint in 2020, which expanded its spectrum assets and subscriber base. T-Mobile operates under a majority ownership by Deutsche Telekom and continues to develop its network capabilities, including sustained investment in 5G infrastructure across the United States.
| 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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