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5431 S 16th St, Lincoln, NE

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

Property Size8,000 SF
Lot Size0.97 Acres
Days on Market540

Property Features for 5431 S 16th St

General Information

Standard status Active
Size 8,000 SF
Lot size 0.97 Acres
Property subtype RETAIL
Listing Agency: Colliers | Omaha
Listed By: Amy Olson · License #20150270
Source: Moodyscre
Added: Feb 5, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:39AM

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.

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

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

469
Businesses Nearby
201k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 52% Shops & Services 24% Dining 21% Beauty & Spa 3%
Costco Wholesale Superstores
104,094 visits/mo 0.3 miles
Costco Gasoline Shops & Services
42,187 visits/mo 0.3 miles
Panera Bread Dining
17,684 visits/mo 0.3 miles
Panda Express Dining
16,017 visits/mo 0.2 miles
Phillips 66 Shops & Services
5,420 visits/mo 0.2 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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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) 345-5866 Call to check price and availability
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