1487 Us-34 Aurora, NE 68818
- Retail properties
- 12,668 SF
- 2.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1487 Us-34
- Year built
- 2023
- Lot size
- 2.94 lot acres
- Property size
- 12,668 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a brand-new, 12,668-square-foot Dollar General store, built in 2023 and located at 1487 US-34 in Aurora, Nebraska (68818). The property sits on a 2.94-acre lot and boasts a fee-simple ownership structure with a 15-year absolute NNN lease commencing August 30, 2023, and expiring August 31, 2038. The lease includes five, five-year renewal options with built-in rent increases. The tenant, Dollar General, provides a corporate guarantee, ensuring consistent income. The property's strong financial performance is reflected in its 6.00% cap rate and $120,000 annual net operating income (NOI). The asking price is $2,000,000, translating to $157.88 per square foot. This strategically located retail property benefits from high traffic counts on US-34, proximity to major employers, schools, and a local hospital, and serves a community with strong demographics and growing household incomes. The property is zoned commercial and features a single-story building with 100% occupancy. This is a low-risk, high-return investment opportunity in a thriving Nebraska community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Hamilton
- State
- Nebraska
- Longitude
- -98.0196
- Latitude
- 40.8731
