1130 13Th StNorfolk, NE 68701

For Sale
$3,201,580

100% Occupied, High-Cap Rate Retail

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, Class B, single-story retail shopping center in Norfolk, Nebraska. Built in 2017, the property boasts 10,090 net rentable square feet across three units, currently leased to Aspen Dental and Shopko Optical, among others. The asking price is $3,201,580, representing a compelling 10.00% capitalization rate based on a 2023 Net Operating Income (NOI) of $320,158. Situated on a 50,404 square foot lot, the property provides ample parking with a ratio of 75 spaces per 1,000 square feet. Its prime location at 1130 S 13th St, just north of the Highway 275 and Highway 81 intersection, benefits from high traffic counts of 31,040 vehicles per day (EADT at 13th & Omaha Ave) and proximity to major retailers including Target, Hobby Lobby, Walmart, Menard's, and Kohl's. The property is zoned for commercial use and offers a strong, stable income stream with a 100% occupancy rate. This well-maintained asset presents a rare opportunity for investors seeking a high-yield, low-risk investment in a thriving retail market. The property features a total building size of 10,149 square feet.

Highlights

  • $3,201,580 asking price.
  • $320,158 2023 Net Operating Income (NOI).
  • 10,149 square foot building size.
  • 10.00% capitalization rate.
  • 2017 year built.
  • 50,404 square foot lot size.

Property Details for 1130 13Th St

Property type
Lifestyle centers, Power centers
Square Feet
10,149 SF
Class
B
Year Built
2017
Buildings
1
Stories
1
Units
3

Location Insight

City
Norfolk
County
Madison
State
Nebraska
Latitude
42.019098232094
Longitude
-97.426531258826
1130 13Th St, Norfolk, Nebraska

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1130 13Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message