Shopping Center With Excess
New
For Sale
$12,940,000
5601 South 59th Street, Lincoln, NE 68516
Multi-tenant retail center with net leases, flexible building configuration, and additional land suitable for future development.
Property Size103,089 SF
Price / SF$125.52
Days on Market2
Property Features for 5601 South 59th Street
General Information
Standard status
Active
Size
103,089 SF
Property subtype
Retail
Listing Agency:
CBRE | Omaha
Listed By:
David H. Maenner · License ##20060113
(402) 697-5862
Source:
Cbre
Added: Sep 6
Last Checked: Sep 6 at 2:51PM
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 CBRE | Omaha
Investment Insights
Based on property information with market context.
The Edge is a 103,089-square-foot shopping center on 9.53 acres with 99.5% occupancy. The property combines net-leased retail space with a flexible building layout, an EPDM rubber membrane roof, and rooftop HVAC units installed in 2020 or later. Recent capital work includes replacement of concrete islands and curbing along the west side of the lot. Third-party management is in place through Greenleaf Commercial.
The center sits across from Target and Super Saver near Highway 2, Old Cheney Road, and South 56th Street, with reported traffic counts exceeding 50,000 VPD. The site is within a densely developed residential and commercial area, with 183,044 residents, 78,911 households, 6,812 businesses, and 113,476 employees estimated within five miles. Excess ground west of the building may support outlot development, with conceptual drawings available. The property is offered at a 7.5% cap rate.
The center sits across from Target and Super Saver near Highway 2, Old Cheney Road, and South 56th Street, with reported traffic counts exceeding 50,000 VPD. The site is within a densely developed residential and commercial area, with 183,044 residents, 78,911 households, 6,812 businesses, and 113,476 employees estimated within five miles. Excess ground west of the building may support outlot development, with conceptual drawings available. The property is offered at a 7.5% cap rate.
Key Highlights
- 103,089‑square‑foot shopping center situated on 9.53 acres
- 99.5% occupied with net‑leased retail space
- 7.5% cap rate
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Apparel 21%
Shops & Services 12%
Hotels & Casinos 10%
Texas Roadhouse
Dining
36,123 visits/mo
0.5 miles
Goodwill
Apparel
13,211 visits/mo
0.4 miles
Residence Inn Lincoln South
Hotels & Casinos
6,562 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
4,584 visits/mo
0.5 miles
Valero Energy
Shops & Services
2,913 visits/mo
0.4 miles
Demographics for 68516, NE
47,448
Population
19,549
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
98%
High-School Grad
18.9 sq mi
ZIP Area
2,510
Density / Sq Mi
$100,093
Median Household Income
$52,344
Median Earnings
$1,213
Median Rent
$331,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with net leases, flexible building configuration, and additional land suitable for future development.
Where is this shopping center located?
The property is located at 5601 South 59th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $12,940,000.
What are key features of this property?
This property features: 103,089‑square‑foot shopping center situated on 9.53 acres; 99.5% occupied with net‑leased retail space; 7.5% cap rate
