South 72nd Street and Capehart Road, Papillion, NE 68046

Oak Leaf is planned as a large mixed-use real estate development in Sarpy County, intending to create a community with residential, commercial, and educational opportunities in Papillion, Nebraska. The project spans over 230 acres at the southeast corner of 72nd Street and Capehart Road in Papillion, Nebraska, where traffic counts are approximately 9500 vehicles per day. The mixed-use development includes residential, commercial, and educational components, featuring approximately 500 single-family homes, 611 multi-family units in various configurations such as townhouses, flats, duplexes, and single-family rentals, and 800,000 square feet of commercial space across twelve pads. A dedicated site for an elementary school, green spaces, and a range of retail, dining, entertainment, and office spaces are planned. The submarket has achieved 84,000 square feet of positive absorption and 22,000 square feet of net deliveries over the past year, indicating demand for retail space. Rents in the Sarpy East retail submarket have risen by 4.8% in the past 12 months, reaching approximately $17.60 per square foot. The total retail inventory in Sarpy East amounts to 7.5 million square feet, with a range of asset classes including general retail buildings, malls, power centers, and neighborhood centers.