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Open-Air Regional Shopping Center
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7775 Olson Drive, Papillion, NE 68046

Premier open-air retail destination anchored by leading national tenants at a high-traffic Papillion intersection.

Property Size650,000 SF
Days on Market56

Property Features for 7775 Olson Drive

General Information

Standard status Active
Size 650,000 SF
Property subtype Retail, Land

Building Details

Tenancy Multi
Listing Agency: Pace Properties
Listed By: Sam Rolfe · License #20220332
Source: Crexi
Added: Jun 17 Changed: Aug 8 Last Checked: Jul 23 at 10:10AM

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 Pace Properties

Investment Insights

Based on property information with market context.

Shadow Lake Towne Center is an open-air regional shopping center offering a large, walkable retail environment for a mix of shopping, dining, and entertainment. The property is anchored by Dick’s Sporting Goods, HomeGoods, Ulta Beauty, TJ Maxx, Old Navy, PetSmart, and JCPenney, supporting a broad assortment of everyday conveniences and destination retailers.

The center is located at a high-traffic intersection of Highway 370 and 72nd Street in Papillion, Nebraska, serving the greater Omaha metro area. With strong regional accessibility and visibility, the property draws customers from across Papillion and Sarpy County. Seasonal events, concerts, and community programming are also part of the center’s activity throughout the year.

For tenants and investors seeking a retail-led, community-oriented shopping environment, Shadow Lake Towne Center provides an established tenant mix anchored by multiple national brands. The open-air format and diversified retail offerings support a range of merchandising concepts aimed at serving consistent neighborhood and regional traffic.

Key Highlights

  • Shadow Lake Towne Center is a premier open‑air regional shopping destination in Papillion, NE.
  • More than 650,000 SF open‑air retail center at the high‑traffic intersection of Highway 370 and 72nd Street.
  • Anchored by national retailers including Dick’s Sporting Goods, HomeGoods, Ulta Beauty, TJ Maxx, Old Navy, PetSmart, and JCPenney.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Electrical Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby
Balanced
Demand for This Use

Demographics for 68046, NE

32,242
Population
12,849
Households
2.5
Avg Household Size
36
Median Age
50%
College-Educated
97%
High-School Grad
28.0 sq mi
ZIP Area
1,152
Density / Sq Mi
$113,708
Median Household Income
$57,767
Median Earnings
$1,252
Median Rent
$331,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • cpi LEASING 1401 E Gold Coast Rd, Papillion, NE 68046, United States
  • Shadow lake mall papillion, ne 68046
  • Shadow Lake Towne Center 7775 Olson Dr, Papillion, NE 68046

Frequently Asked Questions

What type of property is this?
Shopping center - Premier open-air retail destination anchored by leading national tenants at a high-traffic Papillion intersection.
Where is this shopping center located?
The property is located at 7775 Olson Drive Papillion, NE.
What are key features of this property?
This property features: Shadow Lake Towne Center is a premier open‑air regional shopping destination in Papillion, NE.; More than 650,000 SF open‑air retail center at the high‑traffic intersection of Highway 370 and 72nd Street.; Anchored by national retailers including Dick’s Sporting Goods, HomeGoods, Ulta Beauty, TJ Maxx, Old Navy, PetSmart, and JCPenney.
(402) 263-6750 Call to check price and availability
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