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Upscale Mixed-Use Development For Rent
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5431 S 16th St, Lincoln, NE

Premier mixed-use development with retail, restaurant, and office spaces.

Space Size8,000 SF
Lot Size0.97 Acres
Days on Market633

Property Features for 5431 S 16th St

General Information

Standard status Active
Size 8,000 SF
Lot size 0.97 Acres
Property subtype RETAIL

Spaces For Lease

at 5431 S 16th St
5431 S 16th St AVAILABLE, Now
Size 8,000 SF
Type RETAIL
Rate Contact for pricing
Lease Type NNN
Sublease No
- Kensington Center is a premier, upscale mixed-use development that offers a perfect balance of office and retail space. The center currently features four popular restaurants on-site: Culvers, Mr. Goodcents, Dairy Queen Grill and Chill, and Scooters Coffee and Yogurt. In addition to a variety of dining options, Kensington Center is home to the Old Cheney Rehabilitation Center, a 40,000 SF skilled nursing facility, as well as Jorgensen Physical Therapy Group and Athletico, providing a wide range of healthcare services. Kensington Center also features a variety of businesses, including Blush Bridal, Organic Nails, Kids Park Daycare, Capital Cigar Bar and Riverstone Bank, offering a diverse mix of services that enhance the appeal of the development. The intersection of 14th & Old Cheney, adjacent to Kensington Center, sees over 37,000 cars daily, providing unmatched visibility and traffic volume for your business.
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Listing Agency: Colliers | Omaha
Listed By: Mike Potthoff · License #20150270
Source: Moodyscre
Added: Feb 5, 2025 Changed: Oct 25 Last Checked: Oct 30 at 6:18PM

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 Colliers | Omaha

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Investment Insights

Based on property information with market context.

Kensington Center is a mixed-use development featuring office and retail spaces. The center includes four restaurants: Culvers, Mr. Goodcents, Dairy Queen Grill and Chill, and Scooters Coffee and Yogurt. It also houses the Old Cheney Rehabilitation Center, a 40,000 square foot skilled nursing facility, along with Jorgensen Physical Therapy Group and Athletico. Other businesses include Blush Bridal, Organic Nails, Kids Park Daycare, Capital Cigar Bar, and Riverstone Bank. The location at the intersection of 14th and Old Cheney experiences over 37,000 cars daily.

Key Highlights

  • Premier, upscale mixed‑use development.
  • High traffic volume location (37,000+ cars daily).
  • Diverse mix of on‑site businesses and services.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Old Cheney Rehabilitation Nursing Home

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Hair Salon Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

346
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 81% Shops & Services 16% Hotels & Casinos 2% Home Improvements & Furnishings 1%
Culver's Dining
21,979 visits/mo 0.1 miles
Scooter's Coffee Dining
6,700 visits/mo 0.1 miles
Phillips 66 Shops & Services
6,548 visits/mo 0.2 miles
Goodcents Deli Fresh Subs Dining
4,852 visits/mo 0.1 miles
Quality Inn Hotels & Casinos
971 visits/mo 0.5 miles
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View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Creative Collabs Collective — 1600 Normandy Ct, Lincoln, NE 68512

Frequently Asked Questions

What type of property is this?
Shopping center - Premier mixed-use development with retail, restaurant, and office spaces.
Where is this shopping center located?
The property is located at 5431 S 16th St Lincoln, NE.
What are key features of this property?
This property features: Premier, upscale mixed‑use development.; High traffic volume location (37,000+ cars daily).; Diverse mix of on‑site businesses and services.
(402) 763-1751 · Office Call to check price and availability
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