4202 D StOmaha, NE 68107

Property Details for 4202 D St

Year built

1993

Lot size

0.40 AC

Property size (Sq ft)

1,150 SF

Zone code

GC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

1219200004

APU

1219200004

Description

This exceptional redevelopment opportunity presents a vacant 1,100 square foot building situated on a 0.4-acre hard corner lot at 4202 D Street in Omaha, Nebraska. Boasting a highly desirable location with multiple points of entry and frontage on 42nd Street, experiencing over 21,000 vehicles per day, this property offers significant potential. The lot's strategic placement near Highway 80 (with over 176,000 vehicles per day) and its proximity to a high-traffic McDonald's (receiving 564,700 annual visits, according to Placer.ai) further enhances its appeal. The property benefits from a substantial three-mile population of 119,747 and a five-mile population of 268,371. Currently, a triple-net lease is in place, expiring March 21, 2026, with an annual net operating income (NOI) of $91,199, representing an attractive 11.40% cap rate. The asking price is $799,000. This presents a unique chance to capitalize on a prime location in a thriving market, ideal for redevelopment into a variety of retail concepts, including convenience stores, quick-service restaurants, or other suitable businesses. The existing building provides a solid foundation for a swift and efficient redevelopment project. The property's high visibility and accessibility make it an exceptional investment prospect.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2217

Longitude

-95.9762

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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