4707 S 96th St - Bank FOR SALE


Omaha, NE 68127
$3,167,000 USD
502-442-7074
4707 S 96th St, Omaha, NE for Sale
$3,167,000 USD
Bank - FOR SALE
1/7
null | 6% Cap Rate

4707 S 96th St
Omaha, NE 68127


HIGHLIGHTS

  • New 10-Year Lease | Scheduled Rental Increases | Corporate-Backed Lease | Well-Known & Established Brand
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • Dense Retail Trade Area | Strong Tenant Presence
  • Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped | New Construction | Excellent Visibility

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, corporate signed, Starbucks investment property located in Omaha, NE. The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: SBUX) and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 40,000 operating locations worldwide. Starbucks is strategically located at the signalized, hard corner intersection of South 96th Street and US Highway 275, averaging a combined 99,900 vehicles passing by daily. The asset also benefits from nearby access onto Interstate 80 (187,400 VPD), making this a centralized location with easy commutes for employees and customers. Starbucks is ideally situated within a dense retail trade area with many strong surrounding tenants including Hy-Vee, BigWay Chicken & Catfish, Target, The Home Depot, Walmart Supercenter, Menards, and others. The strong national and regional tenant presence drives a loyal, local consumer base to the trade area, promotes crossover store exposure, and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Citron Apartments (149 units), Harrisburg Apartments (287 units), Cambridge Apartments (378 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 240,700 residents and 199,800 daytime employees, with a healthy average household income of $102,098.

FOR SALE DETAILS

PRICE

$3,167,000 USD

PRICE/SF

$861 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,105 SF

ZONING

CC

APN/PARCEL ID

1800102917

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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Morgan ZantSRS National Net LeaseMore Info
502-442-7074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.