Omaha CVS Pharmacy
For Sale
Contact for pricing
10770 Fort St, Omaha, NE 68134
13,232 SF CVS Pharmacy sub-leased to Dollar Tree.
Property Size13,232 SF
Price / SF$389.53
Days on Market139
Property Features for 10770 Fort St
General Information
Standard status
Active
Size
13,232 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Core
Net Operating Income
$347,915
Building Details
Year Built
2009
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Exclusive Realty
(248) 833-6601
Listed By:
Steve Sagmani · License #MI 6502426558
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: May 12 at 10:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exclusive Realty
Investment Insights
Based on property information with market context.
This 13,232 SF property in Omaha, NE, is currently occupied by a Dollar Tree, sub-leasing from CVS Pharmacy (Dark). The property operates under a NNN Lease, assigning minimal responsibilities to the landlord. The lease is corporately guaranteed by CVS Caremark Corporation, which holds a credit rating of “BBB+” and is classified as investment grade. This property is suitable for a 1031 Exchange buyer, offering continued success due to the financial strength and proven profitability of the tenant.
Key Highlights
- NNN Lease structure minimizes Landlord Responsibilities.
- Sub‑leased to Dollar Tree, providing immediate income.
- Corporately guaranteed lease by CVS Caremark Corporation (BBB+ credit rating).**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$182,919
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,658,380
$3.7M
Cap Rate 7%
$2,613,129
$2.6M
Cap Rate 9%
$2,032,433
$2.0M
Market Conditions
NOI Build-Up for 13,232 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$254.1K $19.20/SF
− Vacancy
−$10.2K −$0.77/SF
EGI
$243.9K $18.43/SF
− OpEx
−$61.0K −$4.61/SF
NOI
$182.9K $13.82/SF
Area
Omaha, NE
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,658,380
Cap Rate 7%
$2,613,129
Cap Rate 9%
$2,032,433
Alternative Uses
Best Use
Specialty Retail
$2.61M
$2.29M – $3.05M
NOI $182,919 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$2.29M
$2.00M – $2.67M
NOI $160,054 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,689 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68134, NE
28,996
Population
13,920
Households
2.1
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
3,536
Density / Sq Mi
$67,353
Median Household Income
$43,222
Median Earnings
$1,044
Median Rent
$204,000
Median Home Value
Market
Vacancy Rate% for Retail in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Alison L. Kingston, PharmD — Omaha, NE 68164
- Walmart Pharmacy — 6304 N 99th St, Omaha, NE 68134
- Robert Wise — 10725 Fort St, Omaha, NE 681341229
- Walgreens Pharmacy — 10725 Fort St, Omaha, NE 68134
- Michael L. Aksamit, RP — 6232 n 104th st, omaha, ne 68134
Frequently Asked Questions
What type of property is this?
Drug store - 13,232 SF CVS Pharmacy sub-leased to Dollar Tree.
Where is this drug store located?
The property is located at 10770 Fort St Omaha, NE.
What is the asking price?
The asking price for this property is $5,154,304.
What are key features of this property?
This property features: NNN Lease structure minimizes Landlord Responsibilities.; Sub‑leased to Dollar Tree, providing immediate income.; Corporately guaranteed lease by CVS Caremark Corporation (BBB+ credit rating).**
