9909 Redick CirOmaha, NE 68122

For Sale
$1,535,000

1,890 SF QSR, 6.5% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 1,890-square-foot Quick Service Restaurant (QSR) located at 9909 Redick Circle in Omaha, Nebraska. The property sits on a 0.797-acre lot and boasts a highly desirable location in an outlot anchored by a Walmart, ensuring high visibility and consistent traffic. Less than a minute from I-80, this location benefits from exceptional accessibility and high traffic counts along Blair High Road, exceeding 21,055 vehicles per day. Ample parking is available for patrons. The building, constructed in 2009, is zoned Limited Industrial (LI) and is currently under a 10-year Absolute NNN lease commencing June 6th, 2024. The lease includes two 5-year renewal options, with a 10% rental increase after the initial five years and 2.5% annual increases in option rents. The asking price is $1,535,000, representing a compelling 6.5% capitalization rate. This property is part of a larger portfolio, but can be purchased individually. This is a turnkey investment opportunity with strong tenant occupancy and a proven track record. The property's strategic location, long-term lease, and attractive cap rate make it an ideal addition to any investment portfolio. The property's location in Douglas County, Nebraska, zip code 68122, offers easy access to major transportation arteries and a thriving consumer base.

Highlights

  • Walmart-anchored outparcel.
  • Less than one minute to I-80.
  • High traffic counts (21,055 VPD) on Blair High Road.
  • Ample parking with excellent accessibility.
  • 10-year lease (commenced June 7, 2024) with two 5-year renewal options.
  • 6.5% cap rate.

Property Details for 9909 Redick Cir

Property type
Other retail properties, Restaurants
Square Feet
1,890 SF
Year Built
2009
Lot Size (sq. ft)
34,717 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.317626
Longitude
-96.0666292
9909 Redick Cir, Omaha, Nebraska

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9909 Redick Cir
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