9550 71st Plz Bellevue, NE 68133
- Banks
- 4,046 SF
- 1.09 lot acres
May 07, 2024
Current Use by Public Records
- Banks
Property Details for 9550 71st Plz
- Year built
- 2015
- Lot size
- 1.09 lot acres
- Property size
- 4,046 SF
- Property type
- Banks
- APN
- 11593488
- APU
- 11593488
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 100% occupied, two-tenant retail strip center in Bellevue, Nebraska. Completed in 2024, the property boasts 5,814 square feet across two buildings on a 1.09-acre lot, featuring a Starbucks with a drive-thru and an Aspen Dental. Both tenants are on new, long-term NNN leases with corporate guarantees, providing significant stability and predictable income. The leases include scheduled rent increases every five years, mitigating inflation risks and ensuring consistent NOI growth. The property's strong financial performance is reflected in its 6.50% cap rate and a current NOI of $314,528, with an asking price of $4,839,000 ($832.30/sq ft). The strategic location at 9550 S 71st Plaza benefits from high visibility at a signalized intersection, averaging 58,200 vehicles daily, and proximity to major roadways including State Highway 85. It's ideally situated as an outparcel to Settler's Creek Marketplace, anchored by Sam's Club and ALDI, and surrounded by a dense concentration of retail, including Shoppes at Market Pointe, Tara Plaza, and Brentwood Square. The property also enjoys excellent access to a substantial residential population, with numerous nearby apartment complexes and single-family homes, supporting a strong and affluent consumer base. The 5-mile trade area boasts over 179,000 residents and 91,600 daytime employees, with average household incomes exceeding $100,000. The property includes 43 parking spaces and is zoned MU - Mixed Use. This is a rare opportunity to acquire a high-performing, low-risk retail investment in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $508,000
Market price range: $297k - $508k
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Location Insight
- Map
- Local Demand
- City
- Bellevue
- County
- Sarpy
- State
- Nebraska
- Longitude
- -96.023
- Latitude
- 41.1639
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA