111 Us-20, O'Neill, NE 68763

Property Details for 111 Us-20

Year built

2023

Lot size

1.10 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 10,500-square-foot Family Dollar | Dollar Tree combo store in O'Neill, Nebraska. Built in 2023, this single-story building sits on a 1.1-acre lot at 111 US-20, a prime retail location with high visibility. The property boasts a 100% occupancy rate with a corporate-guaranteed net lease featuring a 9.3-year remaining term and five 5-year options, each with a $0.50/SF rental increase. The current lease commenced November 1, 2023, and expires February 28, 2034. The property generates a substantial net operating income (NOI) of $139,545, resulting in an attractive 7.50% cap rate. The asking price is $1,860,000. This investment-grade tenant (S&P: BBB) provides significant stability and security. The location benefits from high daily vehicle traffic on US Highway 20, serving as the retail hub for Holt County and drawing from a population of 4,291 residents within a 5-mile radius, with an average household income of $84,700. The property's proximity to other national retailers like McDonald's, Dairy Queen, Subway, O'Reilly Auto Parts, and Dollar General further enhances its desirability. This is a rare opportunity to acquire a brand-new, stabilized retail property with a strong tenant and excellent long-term growth potential. The property is a state-of-the-art prototype with high-quality materials. Family Dollar and Dollar Tree combo stores are reported to have 20% higher sales volume than non-combo stores. In 2022, the company achieved record net sales of $28.3 billion, a 7.6% increase from 2021, with same-store sales increases for both Dollar Tree (9.0%) and Family Dollar (2.4%).

Location Insight

City

O'Neill

County

Holt

State

Nebraska

Longitude

-98.6342

Latitude

42.4563