1701 Galvin Rd S, Bellevue, NE 68005 For Sale

CVS (Dollar Tree Sublease) presents a compelling covered land investment opportunity at 1701 Galvin Rd S, Bellevue, NE 68005. The property consists of a ±13,331 SF building situated on a sizeable ±2.29 AC parcel, constructed in 2010 and strategically located in close proximity to Offutt Air Force Base and Bellevue East High School, two major area demand drivers that support long-term real estate fundamentals.

The investment is secured by a long-term Absolute Triple Net lease with a Corporate CVS guarantee, providing stable income during the remaining lease term while investors benefit from ownership of a well-located, high-utility land parcel. Noteworthy highlights include the large 2.29-acre site offering strong access, visibility and future redevelopment potential following lease expiration. With approximately 11 years of remaining lease term, including the 36-month free rent period, the opportunity offers both near-term income visibility and long-term flexibility. CVS, an industry leader with over 60 years of operating history and approximately $372 billion in annual revenue, provides a creditworthy income stream throughout the hold period.

The seller is offering a full rent credit for the 3-year rent holiday at the end of the base term of the lease, resulting in a net price of $3,332,184 and a 10.53% year 1 cap rate.