KFC Ground Lease
For Sale
$1,168,000
6512 N 72nd St, Omaha, NE 68122
KFC ground lease available for sale with 6.90% return.
Property Size2,709 SF
Price / SF$431.16
Days on Market87
Property Features for 6512 N 72nd St
General Information
Standard status
Active
Size
2,709 SF
Property subtype
Restaurant
Amenities
KFC Ground Lease
New 5 year extension
One of the largest franchisee
Building Details
Building Size
2,709 SF
Listing Agency:
Marcus & Millichap - Denver
(303) 328-2000
Listed By:
Adam Lewis · License #License(s) NE: 20250136
(303) 328-2000
Source:
Marcusmillichap
Added: May 27
Changed: Aug 8
Last Checked: Aug 21 at 4:06AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This commercial real estate opportunity features a KFC ground lease. The property size is 2709 square feet. The lease offers a 6.90% return.
Key Highlights
- KFC Ground Lease
- 6.90% Return
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
$37,449
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
3.21%
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%
$748,980
$749.0K
Cap Rate 7%
$534,986
$535.0K
Cap Rate 9%
$416,100
$416.1K
Market Conditions
NOI Build-Up for 2,709 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
$52.0K $19.20/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$49.9K $18.43/SF
− OpEx
−$12.5K −$4.61/SF
NOI
$37.4K $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%
$748,980
Cap Rate 7%
$534,986
Cap Rate 9%
$416,100
Alternative Uses
Best Use
Specialty Retail
$535.0K
$468.1K – $624.2K
NOI $37,449 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.7K
$623.6K – $831.5K
NOI $49,891 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 68122, NE
12,999
Population
4,595
Households
2.8
Avg Household Size
33
Median Age
32%
College-Educated
88%
High-School Grad
17.6 sq mi
ZIP Area
739
Density / Sq Mi
$103,317
Median Household Income
$51,749
Median Earnings
$1,241
Median Rent
$231,200
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.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - KFC ground lease available for sale with 6.90% return.
Where is this drive through restaurant located?
The property is located at 6512 N 72nd St Omaha, NE.
What is the asking price?
The asking price for this property is $1,168,000.
What are key features of this property?
This property features: KFC Ground Lease; 6.90% Return
