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Walgreens New 15 Year Absolute NNN Lease 10819 S 192nd Ave

9,956 SF Retail Building Gretna, NE 68028 £4,472,671 (£449/SF) 6.50% Net Initial Yield

Investment Highlights

  • New 15 Year Absolute NNN Lease with Zero Landlord Obligations
  • New Construction with State-of-the-Art Design
  • More than 87,200 Residents and 23,200 Employees Support the Trade Area
  • Corporate Credit Rated Guarantee - NASDAQ:WBA
  • High Traffic Counts - 89,500 VPD from Nearby Combined Roads
  • Residential Communities and Complexes nearby include The Creek (108 units), Avenue 204 at Royal View (120 units), Tiburon Ridge (208 units)

Executive Summary

The Kase Group is pleased to present the opportunity to purchase a rare
Brand New Construction Walgreens location in Gretna, Nebraska (Omaha
MSA). The New 15 Year Absolute NNN lease calls for zero landlord
obligations and is corporately guaranteed by Walgreens. The lease also
features 5-year options for renewal with 5% increases at each term to offset
inflation. The newly constructed building consists of 9,956 square feet and
opened in April 2024, with state-of-the-art design using top-grade materials.
The asset benefits from its positioning near the signalized intersection of
192nd Street and Strategic Air Command Memorial Hwy (21,700 VPD from
combined streets) and close by Highway 6 (24,000 VPD) and Interstate 80
(43,800 VPD). This Walgreens is located within the Gretna Landing
development which is the largest mixed-used project in Gretna and consists
of a combined three thousand square feet of commercial space. The mixeduse
project includes Gretna Landing Apartments (220-units) anchored by Hy-
Vee and Fleet Farm with other surrounding tenants that include Chipotle,
McDonalds, Chase, Citizens Banks, Scooters Coffee and medical offices.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,956 SF
Building Class
B
Year Built
2024
Price
£4,472,671
Price Per SF
£449
Net Initial Yield
6.50%
NOI
£290,724
Tenancy
Single
Number of Floors
1
  • Listing ID: 32706548

  • Date on Market: 25/03/2024

  • Last Updated:

  • Address: 10819 S 192nd Ave, Gretna, NE 68028

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