604 4Th St Pender, NE 68047
This established Pender, NE restaurant, Popo's Drive-In, presents a unique investment opportunity. Boasting 2,500 square feet on a 0.86-acre lot, this single-story, Class C building was constructed in 1969 and renovated in 2020. The property is zoned Commercial C-2 and features a 75-seat dining room, popular for both dine-in and takeout service. Currently operating seasonally (summer months), the business benefits from a high-traffic location on Hwy 16/9. Pender's robust economic growth, fueled by thriving businesses like Pender Community Hospital/Clinic, and new developments including a 40-lot subdivision and two new apartment complexes directly across the street, offers significant potential for expansion. The recent March 2024 opening of a Family Dollar/Dollar Tree across the street further enhances visibility and customer traffic. This turnkey operation is priced at $290,000 ($116/sq ft) and represents a compelling investment in a dynamic Nebraska community. The property includes one building.
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Popo's Drive-In Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.