5619 204Th St Omaha, NE 68135

This exceptional investment opportunity presents a 4,331 square foot Class A medical office building in Omaha, Nebraska. The property is located at 5619 S 204th St, Omaha, NE 68135, within Douglas County, and boasts a prime location in a rapidly growing area. Currently 100% occupied by Heartland Dental, a leading dental support organization with over 1,700 locations and $1.2 billion in 2022 revenue, under a Net Lease (NN) agreement. The 10-year lease commenced April 17, 2023, and has a remaining term of approximately 8.4 years, expiring April 30, 2033. The lease includes a corporate guarantee and provides for 10% rental increases every five years, including option periods, minimizing landlord responsibilities. The asking price is $2,973,000, representing a price per square foot of $686.45 and a 6.25% cap rate based on a Net Operating Income (NOI) of $185,799. The building, constructed in 2023, sits on a 1.1-acre lot and is surrounded by new residential and retail developments, reflecting the area's significant growth. Omaha's robust economic climate, with a 2% population growth over the past two years and a 13% increase since 2000, further enhances the investment potential. Douglas County's 9.2% GDP growth in 2022 underscores the region's economic strength. The surrounding area includes over 1,100 multi-family units within a one-mile radius, with additional units under construction, and significant new retail development with zero vacancy. This property offers a compelling combination of a strong tenant, favorable lease terms, and a location in a high-growth market.