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909 S 72nd St 80,684 SF Retail Building Omaha, NE 68114 $12,929,104 ($160.24/SF) 6.70% Cap Rate
Investment Highlights
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Strong Location Fundamentals | 72nd Street Sees Over 22,000 Vehicles Per Day
- Multiple Options Exercised | Tenant Has Already Exercised the First 2 of 10, 5-Year Options Without Lease Modifications
- High Level of Commitment by Tenant | Kohl's Invested $300,000 Into a Remodel That Completed in June 2022
- Robust Local Population Growth | 21% Increase in 5 Mile Radius Since 2010
- High Relative Foot Traffic Among Kohl's Locations | 80th Most Trafficked Location out of 1,150 Nationally (placer.ai)
Executive Summary
SAB Capital is pleased to present a single-tenant Kohl's in Omaha, NE, the most populous city in the state. The tenant is subject to an absolute triple net (NNN) lease structure and recently invested $300,000 into a remodel of the store. The location has strong fundamentals with a 21% increase in the 5-mile population since 2010, and currently over 366,000 residents in that radius.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
80,684 SF
Building Class
B
Year Built
1997
Price
$12,929,104
Price Per SF
$160.24
Cap Rate
6.70%
NOI
$866,250
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
8.30 AC
Zoning
GC - General Commercial
Parking
350 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
355’ on S 72nd St
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4419-0467-06 | Improvements Assessment | $2,700,200 |
| Land Assessment | $1,888,500 | Total Assessment | $4,588,700 |
Property Taxes
Parcel Number
4419-0467-06
Land Assessment
$1,888,500
Improvements Assessment
$2,700,200
Total Assessment
$4,588,700
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909 S 72nd St