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31873644
31873705

225 N Saddle Creek Rd, Omaha, NE 68131

KM
NE 20170883
Matthews
Listed by Matthews
$3,599,000
60 days on market
Updated 54 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,578
Cap Rate 8.50%
NOI $306,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 12/31/2031
Remaining Term 5.8
Lease Options Ten, 5-Year Options
Price per SqFt $265
Year Built 2003
Acreage 1.380
Investment Type Net Lease
Lease Commencement 12/20/2003
Ground Lease No
Ownership Fee Simple

Retail | 8.50% CAP | 13,578 SqFt

Investment highlights

Link to Matthews website - https://www.matthews.com/properties/stnl-walgreens-omaha-ne

  • Top of Market Returns – Offered at $3,599,000, the asset offers a compelling 8.50% return, which is among the highest available for national net lease retailers.
  • Institutional Medical Anchor Driving $7B+ Annual Economic Impact – Positioned adjacent to the University of Nebraska Medical Center (UNMC) and Nebraska Medicine campus—one of the largest economic engines in the state, generating over $7B annually and supporting 50,000+ jobs. This irreplaceable “educational + medical” hub provides a consistent, recession-resistant demand driver fueled by physicians, healthcare workers, patients, and students.
  • $2 Billion Expansion – Underway is ~$2B+ multi-phase expansion at UNMC and Nebraska Medicine, including a new state-of-the-art hospital tower and major facility upgrades—one of the largest healthcare investments in the region. Also, nearby is the EDGE District – a rapidly growing medical and biotech innovation hub is expanding to support UNMC as it is one of the top infectious disease and public health research centers in the U.S.
  • Rare Medical Space Included – One of ~200 Village MD-integrated Walgreens locations nationwide. The existing medical space provides immediate rent support for Walgreens or future re-tenanting optionality compared to the standard Walgreens buildings.
  • Absolute NNN Lease Structure – Zero landlord responsibilities with stable, predictable cash flow—ideal for 1031 and net lease investors.
  • Urban Infill Location – Located along a major corridor across from a regional medical hub and just 2.5 miles from Downtown Omaha, with ~300,000 residents within 5 miles.
  • Strong Corporate Signature – Lease is directly signed by Walgreens’ parent entity, offering enhanced security compared to subsidiary signatures.

Listing Contacts

KM
NE 20170883
Matthews
Listed by Matthews

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$306,000.00
$25,500.00/mo

Valuation Metrics

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DSCR
8.5%
Cap Rate
8.5%
ROI

Map

Zoning

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CC CommercialRetail CommercialCommunity Commercial District
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Kyle Matthews
License
35320, 20170883 (NE)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Kyle Matthews, CCIM
License
20170883
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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