Freestanding Restaurant Building with
3949 N 132nd St Omaha, NE
For Sale
Contact for pricing
3,431 SF restaurant with drive-thru on 1.07 acres.
Property Size3,431 SF
Lot Size29.57 Acres
Price / SF$276.89
Days on Market249
Property Features for 3949 N 132nd St
General Information
- Standard status
- Active
- Size
- 3,431 SF
- Lot size
- 29.57 Acres
- Property subtype
- RETAIL
Listing Agency:
Colliers | Omaha
(402) 763-1751
Listed By:
Adam Friedlander · License #01809955
(310) 766-5205
Source:
Moodyscre
Added: Nov 18, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:35AM
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
Investment Insights
Based on property information with market context.
This 3,431 square foot freestanding building is located at 3949 N 132nd Street in Omaha, NE, situated on a 1.07 acre lot. The property benefits from its location as an outparcel to the Cross County Shopping Center, which is anchored by a Super Target. Equipped with a drive-thru, the building previously operated as a KFC/Long John Silver’s fast-food restaurant. Neighboring retail tenants within the same shopping center include Walgreens, Dairy Queen, Raising Cane’s, McDonald’s, Valvoline Oil Change, and Casey’s Gas Station. In 2024, the space was re-tenanted by T&A Express, LLC, a regional operator with three locations throughout the greater Omaha area. The business operates as a New York-style deli and restaurant, offering a wide variety of hot and cold food items made fresh to order. T&A Express, LLC has signed a 5-year NNN lease with 3% annual rent increases. The prior lessee replaced the HVAC system, repaired the roof, and painted the building.
Key Highlights
- 5‑Year NNN Lease with 3% Annual Rent Increases
- Located as an outparcel to the Cross County Shopping Center, anchored by a Super Target, offering high visibility and traffic.
- Freestanding 3,431 SF building with a drive‑thru, suitable for restaurant/deli use.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.9k | $19.20 |
| − Vacancy | −$2.6k | −$0.77 |
| EGI | $63.2k | $18.43 |
| − OpEx | −$15.8k | −$4.61 |
| NOI | $47.4k | $13.82 |
3,431 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$677.6K
$592.9K – $790.5K
NOI $47,430 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$592.9K
$518.8K – $691.7K
NOI $41,501 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$902.7K
$789.8K – $1.05M
NOI $63,187 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
FAQs
What type of property is this?
Drive through restaurant - 3,431 SF restaurant with drive-thru on 1.07 acres.
Where is this drive through restaurant located?
The property is located at 3949 N 132nd St Omaha, NE.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5‑Year NNN Lease with 3% Annual Rent Increases; Located as an outparcel to the Cross County Shopping Center, anchored by a Super Target, offering high visibility and traffic.; Freestanding 3,431 SF building with a drive‑thru, suitable for restaurant/deli use.
