10770 Fort StOmaha, NE 68134

For Sale
$5,154,304

High-yield CVS, strong lease, Omaha, NE

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 13,232-square-foot CVS Pharmacy building in Omaha, Nebraska. The property boasts a strong, corporate-guaranteed NNN lease with a substantial remaining term of 11.2 years, extending to January 31, 2036, with two five-year renewal options. The building, constructed in 2009, sits on a 0.8-acre lot at a high-traffic intersection experiencing nearly 20,000 vehicles daily. The property's location within Omaha, a city with a population exceeding 480,000, and a dense population of over 190,000 within a five-mile radius, ensures consistent demand and strong tenant performance. The asking price is $5,154,304, representing a compelling cap rate of 6.75% and a net operating income (NOI) of $347,915. This core investment offers a secure, long-term income stream with minimal landlord responsibilities, making it an attractive addition to any portfolio. The property is categorized as a convenience store and pharmacy, reflecting its established position within the community. The address is 10770 Fort St, Omaha, NE 68134.

Highlights

  • Over 12 years remaining on the lease term.
  • Lease expiration date: January 31, 2033.
  • Situated in Omaha, NE, a market with over 480,000 residents.
  • High-density location with over 190,000 people within a five-mile radius.
  • Excellent visibility and high traffic count with nearly 20,000 vehicles daily at the intersection.

Property Details for 10770 Fort St

Property type
Other retail properties, Individual retail properties
Square Feet
13,232 SF
Year Built
2009
Buildings
1
Lot Size (sq. ft)
34,848 SF
Units
1

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.3073287
Longitude
-96.0807921
10770 Fort St, Omaha, Nebraska

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10770 Fort St
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