Drive-Thru Restaurant Opportunity For
For Sale
Contact for pricing
8017 S 84TH ST, La Vista, NE 68128
Single-tenant drive-thru restaurant in La Vista City Centre.
Property Size3,430 SF
Price / SF$320.70
Days on Market77
Property Features for 8017 S 84TH ST
General Information
Standard status
Active
Size
3,430 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1996
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lee & Associates - Lincoln
(531) 721-2888
Listed By:
Dan Dutton · License #NE 20030305
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: May 27 at 8:26AM
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 Lee & Associates - Lincoln
Investment Insights
Based on property information with market context.
This single-tenant, standalone drive-thru restaurant opportunity is located on the 84th Street corridor in La Vista. The property, which has a size of 3430 square feet, offers significant visibility and dedicated monument signage. It is situated in La Vista City Centre, a mixed-use development that includes the Astro Theatre, apartments, and various retail and office tenants. The location benefits from a densely populated area along a major retail corridor.
Key Highlights
- Standalone drive‑thru opportunity in high‑traffic location.
- Located in La Vista City Centre, a popular mixed‑use development.
- Tremendous visibility on the 84th Street corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$899,280
$899.3K
Cap Rate 7%
$642,343
$642.3K
Cap Rate 9%
$499,600
$499.6K
Market Conditions
NOI Build-Up for 3,430 SF
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.
Gross rent
$63.0K $18.36/SF
− Vacancy
−$3.0K −$0.88/SF
EGI
$60.0K $17.48/SF
− OpEx
−$15.0K −$4.37/SF
NOI
$45.0K $13.11/SF
Area
Sarpy County, NE
Vacancy
4.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$899,280
Cap Rate 7%
$642,343
Cap Rate 9%
$499,600
Alternative Uses
Best Use
Specialty Retail
$642.3K
$562.1K – $749.4K
NOI $44,964 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$920.5K
$805.4K – $1.07M
NOI $64,432 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Chili's Grill & Bar
Dining
16,654 visits/mo
0.3 miles
Demographics for 68128, NE
19,160
Population
8,136
Households
2.4
Avg Household Size
37
Median Age
38%
College-Educated
97%
High-School Grad
6.7 sq mi
ZIP Area
2,860
Density / Sq Mi
$81,870
Median Household Income
$47,850
Median Earnings
$1,255
Median Rent
$275,600
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?
Drive through restaurant - Single-tenant drive-thru restaurant in La Vista City Centre.
Where is this drive through restaurant located?
The property is located at 8017 S 84TH ST La Vista, NE.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Standalone drive‑thru opportunity in high‑traffic location.; Located in La Vista City Centre, a popular mixed‑use development.; Tremendous visibility on the 84th Street corridor.
