15325 Weir St Omaha, NE 68137-5057

Property Details for 15325 Weir St

Year built

2003

Lot size

1.61 lot acres

Property size

8,136 SF

Zone code

MU

Property type

Office buildings

APN

2409126772

APU

2409126772

Description

This exceptional investment opportunity presents a fee-simple interest in a 15,846 square foot retail property located at 15325 Weir St, Omaha, NE, 68137. The property sits on a 1.61-acre lot and boasts 40 parking spaces. Currently 100% occupied by Cobalt Credit Union, a financially sound credit union with a 78-year history and 26 locations, the sale includes a new 10-year absolute NNN master lease with 2.5% annual rent bumps. The lease features four, five-year renewal options, ensuring long-term, passive income. The property's NOI is $285,228, resulting in a 7.75% cap rate and a price per square foot of $232.30. Cobalt Credit Union's lease includes subleases from Edward Jones and Kepplinger Family Dentistry, totaling 3,013 square feet and generating $68,102 in annual rent. The property is strategically located on a high-traffic, signalized corner with a dedicated pylon sign, offering excellent visibility. It's an outparcel to the high-performing Walnut Grove Plaza shopping center, anchored by Planet Fitness, Urban Air, and CHI Health, further enhancing its desirability and potential for continued success. Built in 2003, this property offers a secure, high-yield investment with significant upside potential. The asking price is $3,681,000.