Drive-Through Restaurant Pad
811 North 205th Street Elkhorn, NE 68022
811 North 205th Street, Elkhorn, NE, 68022
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For Sale
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Pad site with an existing corporate lease featuring 10% rental escalations every five years and a personal guaranty.
Property Size3,507 SF
Price / SF$437.98
Days on Market87
Property Features for 811 North 205th Street
General Information
- Standard status
- Active
- Size
- 3,507 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agency
Commercial Investment Advisors (CIA) Scottsdale
Listed by
Justin Zahn · License #SA545840000
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 12:06PM Checked: Jul 21 at 12:06PM
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 Commercial Investment Advisors (CIA) Scottsdale
Investment Insights
Based on property information with market context.
This drive-through restaurant pad site is leased to Abelardo’s Mexican Food, LLC under a corporate lease with 14 years remaining on an initial 15-year term. Rental increases are structured as 10% escalations every five years. The lease is further supported by a personal guaranty from the owner/operator.
The property is pad site to Menards and is located just off a signalized hard corner of N 204th St and Cumberland Dr in West Omaha (811 North 205th Street, Elkhorn, NE 68022). Public remarks cite traffic counts of 36,399 CPD on N 204th St and 54,585 CPD near the W Dodge Rd exit ramp, with the site also described as one block north of that ramp.
Additional nearby context listed in the remarks includes Metropolitan Community College–Elkhorn Valley across the freeway, Methodist Women’s Hospital about two miles away, and CHI Health Lakeside about five miles away.
The property is pad site to Menards and is located just off a signalized hard corner of N 204th St and Cumberland Dr in West Omaha (811 North 205th Street, Elkhorn, NE 68022). Public remarks cite traffic counts of 36,399 CPD on N 204th St and 54,585 CPD near the W Dodge Rd exit ramp, with the site also described as one block north of that ramp.
Additional nearby context listed in the remarks includes Metropolitan Community College–Elkhorn Valley across the freeway, Methodist Women’s Hospital about two miles away, and CHI Health Lakeside about five miles away.
Key Highlights
- Existing corporate lease with 14 years remaining on initial 15‑year term, with 10% rental escalations every 5 years
- Lease is backed by a personal guaranty from the Abelardo’s owner/operator (Abelardo’s Mexican Food, LLC)
- Pad site to Menards on N 204th St at Cumberland Dr (signalized hard corner)
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.3k | $19.20 |
| − Vacancy | −$2.7k | −$0.77 |
| EGI | $64.6k | $18.43 |
| − OpEx | −$16.2k | −$4.61 |
| NOI | $48.5k | $13.82 |
3,507 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$692.6K
$606.0K – $808.0K
NOI $48,481 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$922.7K
$807.3K – $1.08M
NOI $64,587 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Pad site with an existing corporate lease featuring 10% rental escalations every five years and a personal guaranty.
Where is this drive through restaurant located?
The property is located at 811 North 205th Street Elkhorn, NE.
What is the asking price?
The asking price for this property is $1,536,000.
What are key features of this property?
This property features: Existing corporate lease with 14 years remaining on initial 15‑year term, with 10% rental escalations every 5 years; Lease is backed by a personal guaranty from the Abelardo’s owner/operator (Abelardo’s Mexican Food, LLC); Pad site to Menards on N 204th St at Cumberland Dr (signalized hard corner)
