10819 192Nd AveGretna, NE 68028

For Sale
$5,661,538

New Walgreens, 15-year NNN lease, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 9,956 square-foot Walgreens located in Gretna, Nebraska, within the thriving Gretna Landing development. The property boasts a new 15-year absolute NNN lease commencing April 1, 2024, with seven 5-year renewal options, each including a 5% rent increase. This provides exceptional long-term stability and predictable cash flow, with zero landlord responsibilities. The Walgreens is situated on a 1.36-acre lot at a high-traffic intersection (89,500 vehicles per day from nearby roads), benefiting from its proximity to Highway 6 and Interstate 80. The property's strategic location within Gretna Landing, a large mixed-use development, ensures high visibility and access to a strong customer base. Gretna Landing includes a significant amount of commercial space, along with residential units, and other retail establishments such as Hy-Vee, Fleet Farm, Chipotle, McDonald's, and various banks and coffee shops. The area demonstrates strong demographics, with an affluent average household income exceeding $171,000 within a one-mile radius. Gretna's population is projected to experience substantial growth, further enhancing the long-term value of this investment. The $5,661,538 asking price represents a 6.50% cap rate and a net operating income (NOI) of $368,000. This is a rare opportunity to acquire a newly constructed, high-performing Walgreens in a rapidly growing market. The property's state-of-the-art design and prime location make it an ideal addition to any investment portfolio.

Highlights

  • New 15-year absolute NNN lease with seven 5-year renewal options, each with a 5% rent increase.
  • Zero landlord responsibilities.
  • Walgreens corporate guarantee (NASDAQ: WBA).
  • New construction with state-of-the-art design.
  • High-traffic location (89,500 VPD).
  • Strong demographics: Over 87,200 residents and 23,200 employees in the trade area; average household income exceeding $171,866 within a one-mile radius.

Property Details for 10819 192Nd Ave

Property type
Other retail properties, Individual retail properties
Square Feet
9,956 SF
Lot Size (sq. ft)
59,242 SF

Location Insight

City
Gretna
County
Sarpy
State
Nebraska
Latitude
41.150788
Longitude
-96.21634
10819 192Nd Ave, Gretna, Nebraska

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10819 192Nd Ave
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