Current Use by Public Records
- Coinstar Kiosk | Bitcoin ATM / Kiosk / Atm
- Union Bank & Trust ATM / Atm
- Cardtronics ATM / Atm
- Russ's Market Pharmacy N. 66th St. / Pharmacy
- Russ’s Market At 66th & O St. – Lincoln / Grocery & Convenience Store / Food Market
Property Details for 130 66Th St
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
East Park Plaza, a 214,029 square foot shopping center in Lincoln, Nebraska, presents a compelling value-add opportunity. Currently 83.6% occupied, this multi-tenant property boasts a strong NOI of $1,758,255. The center is anchored by Russ's Market, a high-performing regional grocer, and features a diverse tenant mix including JoAnn, Ross Dress for Less, and Famous Footwear. Located on a primary commercial thoroughfare, the property benefits from its proximity to Gateway Mall, a major regional shopping destination, drawing significant foot traffic. The tenant lineup includes a mix of established national brands and local businesses, demonstrating strong tenant retention and recent leasing activity, with a weighted average lease term of 5.4 years. Nearly 45% of the gross leasable area has operated at the center for over 20 years. The property serves a densely populated area with over 209,800 residents within a five-mile radius, boasting an average household income of $88,200. The presence of the University of Nebraska-Lincoln further enhances the market's vibrancy and consumer base. Significant value-add potential exists through leasing currently vacant spaces and potential property replatting. This grocery-anchored shopping center offers a stable income stream with substantial upside for the right investor.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.6288
- Latitude
- 40.8143
