4702 30Th StOmaha, NE 68111

For Sale
$2,842,000

Bank of America NNN Ground Lease, Omaha, NE

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a brand-new, 4,185 square foot Bank of America branch located at 4702 N 30th St, Omaha, Nebraska, 68111. This absolute triple-net (NNN) ground lease boasts a 14.8-year remaining term (commencing August 10, 2024, and expiring August 30, 2039), with six 5-year renewal options. The property sits on a 0.84-acre lot and features a strong corporate guarantee from Bank of America, a highly rated financial institution. The lease includes 5% rental increases every five years, generating a current NOI of $135,000 and a 4.75% cap rate. The asking price is $2,842,000 ($679.09/sq ft). This prime location enjoys high visibility at a signalized hard corner, near the convergence of three major thoroughfares (Sorenson Pkwy, US Hwy 75, and N 30th St), experiencing over 78,000 vehicles per day. The property benefits from strong surrounding demographics, with over 214,000 residents within a five-mile radius and over 95,000 within three miles. Nearby national retailers include Aldi, McDonald's, Burger King, AutoZone, Family Dollar, and a USPS. Omaha, Nebraska, offers a thriving Midwest market, home to numerous Fortune 500 companies and a robust economy. The building was constructed in 2024 and is expected to open in March 2025. This is a rare opportunity to acquire a secure, long-term investment with a blue-chip tenant in a high-traffic area.

Highlights

  • New construction Bank of America, opening March 2025, with a 15-year absolute triple-net ground lease featuring 5% rent increases every five years and six five-year renewal options.
  • Strong corporate guarantee from Bank of America, a top-tier financial institution with an investment-grade credit rating.
  • High-visibility hard corner location at the intersection of three major thoroughfares (Sorenson Pkwy, US Hwy 75, and N 30th St), experiencing over 78,000 vehicles per day.
  • Excellent co-tenancy including Aldi, McDonald's, Burger King, and other national retailers.
  • Dense population base: over 214,000 residents within a five-mile radius and over 95,000 within three miles.
  • Located in Omaha, NE, a thriving Midwest market with a robust economy and numerous Fortune 500 companies.

Property Details for 4702 30Th St

Property type
Other retail properties, Individual retail properties
Square Feet
4,185 SF
Year Built
2024
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.301399719485
Longitude
-95.956859675693
4702 30Th St, Omaha, Nebraska

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4702 30Th St
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