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Freestanding Restaurant Building with Drive-Thru

3949 N 132nd St Omaha, NE

3949 N 132nd St, Omaha, NE, 00000
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3,431 SF restaurant with drive-thru on 1.07 acres.

Property Size3,431 SF
Lot Size29.57 Acres
Price / SF$276.89
AddedNov 18, 2025
Days on Market239
Last RefreshMay 20 at 8:36 pm

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 office Colliers | Omaha

Listing date Nov 18, 2025

Source Moodyscre

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.

Local 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 (±1% cap)
NOI $47,430 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$592.9K
$518.8K – $691.7K (±1% cap)
NOI $41,501 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$902.7K
$789.8K – $1.05M (±1% cap)
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

Suggested Use

Real Estate Agency Building Supply Law Firm Restaurant Auto Repair Shop Big Box & Wholesale Store Hair Salon Spa & Massage Center HVAC Service Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

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.
Contact an agent
(402) 345-5866 Call to check price and availability
More about this property
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