Single-Tenant Restaurant with Pickup
New
For Sale
$350,000
2717 N 90th Street, Omaha, NE 68134
Fully leased building with a dedicated pickup window and drive-through lane.
Property Size1,660 SF
Lot Size0.35 Acres
Price / SF$210.84
Days on Market4
Property Features for 2717 N 90th Street
General Information
Standard status
Active
Size
1,660 SF
Lot size
0.35 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Highway Access
Yes
Building Details
Year Built
1985
Buildings
1
Tenancy
Single
Listing Agency:
Investors Realty Inc
Listed By:
Jarrot Simon
(402) 769-7574
Source:
Investorsomaha
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 6:58AM
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 Investors Realty Inc
Investment Insights
Based on property information with market context.
This single-tenant restaurant property occupies a 0.35-acre corner at 90th Street and Maple Street. The 1,660-square-foot building was constructed in 1985 and includes a drive-through lane, dedicated pickup window, and site circulation designed for vehicle access. The property is fully leased to Subway, providing an established operating profile with a recognizable national brand.
Located at the intersection of 90th and Maple, the site offers street frontage and exposure from multiple directions. I-680 is less than five minutes away, supporting convenient regional access. The tenancy includes a good remaining lease term and reflects a long-term occupancy history.
Located at the intersection of 90th and Maple, the site offers street frontage and exposure from multiple directions. I-680 is less than five minutes away, supporting convenient regional access. The tenancy includes a good remaining lease term and reflects a long-term occupancy history.
Key Highlights
- 1,660‑square‑foot restaurant building on a 0.35‑acre corner site
- Fully leased to Subway, a recognizable national restaurant brand
- Drive‑through lane and dedicated pickup window
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
$22,948
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
6.56%
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%
$458,960
$459.0K
Cap Rate 7%
$327,829
$327.8K
Cap Rate 9%
$254,978
$255.0K
Market Conditions
NOI Build-Up for 1,660 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
$31.9K $19.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$30.6K $18.43/SF
− OpEx
−$7.6K −$4.61/SF
NOI
$22.9K $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%
$458,960
Cap Rate 7%
$327,829
Cap Rate 9%
$254,978
Alternative Uses
Best Use
Specialty Retail
$327.8K
$286.9K – $382.5K
NOI $22,948 @ 7.0% cap · market cap 6.56%
Second Best
Retail
$286.8K
$251.0K – $334.7K
NOI $20,079 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$436.7K
$382.2K – $509.5K
NOI $30,572 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Omaha, NE
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Fully leased building with a dedicated pickup window and drive-through lane.
Where is this drive through restaurant located?
The property is located at 2717 N 90th Street Omaha, NE.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,660‑square‑foot restaurant building on a 0.35‑acre corner site; Fully leased to Subway, a recognizable national restaurant brand; Drive‑through lane and dedicated pickup window
