

Listed by Matthews
$3,599,000
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


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
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Zoning
CC CommercialRetail CommercialCommunity Commercial District
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