Family Fare Omaha Portfolio
6 Property Portfolio in Omaha MSA | Family Fare Grocery Anchored | 87% Occupancy with 6% CAGR
Marketing description
Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present the opportunity to acquire the Family Fare Omaha Portfolio, a collection of six well-positioned, primarily grocery-anchored, retail assets totaling 376,359 square feet across the Omaha MSA. The portfolio is currently 87.1% occupied and anchored by C&S Whole Grocers' Family Fare banner, supported by strong national tenancy including VASA Fitness, Dollar Tree, and various local service providers.
The Offering features a diversified mix of multi-tenant grocery-anchored centers, single-tenant net lease grocery assets, and one vacant box strategically located throughout one of the Midwest's fastest-growing markets. The portfolio benefits from C&S Wholesale Grocers' family of grocery banners operating under 15+ formats nationwide, providing enhanced grocery stability. The portfolio also includes the North 30th property anchored by VASA Fitness, one of the nation's fastest growing budget fitness concepts with over 70 locations across 10 states.
The Family Fare Omaha Portfolio provides stable cash flows with C&S Corporate Credit on all Family Fare leases, in addition to upside through a 48,624 SF vacant box (Broadway asset) and below-market grocery rents. The overall portfolio results in a +/- 5.9% 5-year NOI CAGR.
Investors interested in the Family Fare Omaha Portfolio will have the opportunity to bid on individual properties as well on a portfolio basis.
Investment highlights
- Rare Opportunity to Acquire Grocery-Anchored Assets in High Growth Omaha MSA in Scale
- Ability to acquire five grocery-anchored and/or necessity-based retail assets in addition to one vacant box totaling 376,359 square feet across one of the Midwest's fastest-growing markets
- +/- 37% of portfolio income is generated by Family Fare grocery anchor
- 4 properties anchored by Family Fare with C&S Wholesale Grocery credit - one of the largest privately held companies in the U.S.
- Family Fare operates under C&S, one of America's largest grocery wholesalers with 15+ grocery banners nationwide
- VASA Fitness (70+ locations across 10 states), Dollar Tree, and essential service providers deliver necessity-based retail resilience
- 6.3 years of WALT with 12 years of weighted average tenure among tenants at the centers - long term lease security across the portfolio
- 87% portfolio occupancy allows for upside - 48,624 SF vacant box
- +/- 5.9% CAGR over 5-year hold
- Recent 15-year lease executed with VASA Fitness
- Significant mark-to-market opportunity
- Omaha MSA officially surpassed one million residents in 2024
- U.S. News & Report Ranked Omaha as the #1 "Hottest Housing Market" for 2025
- 7,700+ residential units in MSA pipeline, with +/- 4,900 currently under construction
- Omaha is currently undergoing a "Billion Dollar Makeover" with more than $9B in new development reshaping the city's landscape
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