12245 Mcdermott Plz La Vista, NE 68128

Property Details for 12245 Mcdermott Plz

Year built

2019

Lot size

0.69 lot acres

Property size

2,711 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,711 square foot retail property in La Vista, Nebraska, currently leased to Amigos, a well-established restaurant operating under an Absolute NNN lease. The lease, with a remaining term of 10 years, expires December 31, 2034, and includes five 5-year renewal options. The property boasts a 6.00% cap rate and a strong NOI of $101,990. Rent increases are built in, with 8.50% escalations every five years. The single-story building, constructed in 2019, sits on a 0.69-acre lot zoned C and enjoys a prime location across from Costco and Cabela's, near the I-80 and Giles Road exit, benefiting from high traffic counts of 36,374 cars per day. The tenant, Growth Management Corporation, has been operating successfully since 2019 and has 25 locations throughout Nebraska. The property's location within La Vista provides access to a robust retail environment, including major retailers such as Walmart, Target, and numerous other national brands. The area also features significant recreational facilities, including a sports complex generating substantial economic activity. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity with significant long-term potential. Nebraska's low unemployment rate (2.6% as of July 2024) further enhances the investment's attractiveness. The surrounding area boasts a high average household income of $129,880 within a one-mile radius and a total population of 187,097 within a five-mile radius. The Amigos location features an impressive 11-car stack in its drive-thru.

Location Insight

City

La Vista

County

Sarpy

State

Nebraska

Longitude

-96.1042

Latitude

41.1796