South 72nd Street and Capehart Road, undefined, NE 68046

Oak Leaf is set to become the largest mixed-use real estate development in Sarpy County. The project aims to create a vibrant and dynamic community that offers a blend of residential, commercial, and educational opportunities, catering to the growing needs of Papillion, Nebraska. The project spans over 230 acres, strategically located at the southeast corner of 72nd Street and Capehart Road in Papillion, Nebraska. Traffic counts at this intersection are at about 9500 VPD.

This mixed-use development encompasses residential, commercial, and educational components which will include approx. 500 single-family homes , 611 multi-family units in various configurations, including townhouses, flats, duplexes, and single-family rentals and 800,000 square feet of commercial space across twelve pads. The development will feature a dedicated site for an elementary school, ample green spaces, and a diverse range of retail, dining, entertainment, and office spaces.

The submarket has also achieved 84,000 SF of positive absorption and 22,000 SF of net deliveries over the past year, demonstrating strong demand for retail space. Rents in the Sarpy East retail submarket have risen by 4.8% in the past 12 months, reaching approximately $17.60/SF, a trend that is expected to continue given the lack of new construction. The total retail inventory in Sarpy East amounts to 7.5 million SF, with a diverse range of asset classes including general retail buildings, malls, power centers, and neighborhood centers.