Walgreens | 502 S 11th St
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Walgreens 502 S 11th St
12,153 SF Retail Building Nebraska City, NE 68410 £3,125,850 (£257/SF) 7.93% Net Initial Yield
Executive Summary
Introducing WALGREENS PHARMACY Located at 502 S 11th St, Nebraska City, NE 68410, this 13,650 sq ft Walgreens retail store is a lucrative investment opportunity. Under a 75-year Absolute Triple Net lease, the property offers stable income with approximately 10 years left in the current term, and the tenant has termination options every 5 years. Benefiting from a prime location at a major intersection, the property boasts high visibility and accessibility in Nebraska City. With a robust demographic profile including an average household income of over $72,000 and a population exceeding 7,000 within a 3-mile radius, the area provides a strong consumer base. In addition, the lease is backed by Walgreens Boots Alliance, ensuring long-term reliability with an S&P-rated "BB" investment-grade corporate guaranty. Surrounding amenities include popular retailers like McDonald's, Walmart, and Hy-Vee, as well as convenient access to major highways linking Nebraska City to key regional destinations. Don't miss this chance to own a premium commercial asset in a thriving location with immense potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,153 SF
Building Class
B
Year Built
2009
Price
£3,125,850
Price Per SF
£257
Net Initial Yield
7.93%
NOI
£247,918
Tenancy
Single
Number of Floors
1
Building FAR
3.88
Lot Size
0.07 AC
Zoning
Z03
Parking
54 Spaces (4.44 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalised Intersection
- Drive Thru
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 003680500 | Improvements Assessment | £937,938 |
Land Assessment | £155,515 | Total Assessment | £1,093,453 |
PROPERTY TAXES
Parcel Number
003680500
Land Assessment
£155,515
Improvements Assessment
£937,938
Total Assessment
£1,093,453
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Walgreens | 502 S 11th St
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