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21156244
21156245

502 S 11th St, Nebraska City, NE 68410

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$3,900,000
513 days on market
Updated 50 days ago

Walgreens - Nebraska City

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 13,650
Net Rentable (SqFt) 13,650
Cap Rate 7.93%
NOI $309,318
Tenancy Single
Brand/Tenant Walgreens
Lease Term 25
Lease Expiration 10/31/2034
Remaining Term 8.4
Lease Options Tenant has right to terminate every 5-years
Year Built 2009
Acreage 1.700
Tenant Credit Corporate Guarantee
Lease Commencement 10/26/2009

Retail | 7.93% CAP | 13,650 SF

Marketing description

Introducing WALGREENS PHARMACY Located at 502 S 11th St, Nebraska City, NE 68410, this 13,650 sq ft Walgreens retail store is a lucrative investment opportunity. Under a 75-year Absolute Triple Net lease, the property offers stable income with approximately 10 years left in the current term, and the tenant has termination options every 5 years. Benefiting from a prime location at a major intersection, the property boasts high visibility and accessibility in Nebraska City. With a robust demographic profile including an average household income of over $72,000 and a population exceeding 7,000 within a 3-mile radius, the area provides a strong consumer base. In addition, the lease is backed by Walgreens Boots Alliance, ensuring long-term reliability with an S&P-rated "BB" investment-grade corporate guaranty. Surrounding amenities include popular retailers like McDonald's, Walmart, and Hy-Vee, as well as convenient access to major highways linking Nebraska City to key regional destinations. Don't miss this chance to own a premium commercial asset in a thriving location with immense potential.

Investment highlights

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$309,318.00
$25,776.50/mo

Valuation Metrics

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DSCR
7.93%
Cap Rate
7.93%
ROI

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