10819 S 192nd Ave Gretna, NE 68028

Property Details for 10819 S 192nd Ave

Lot size

1.36 lot acres

Property type

Commercial land

APN

11615580

APU

11615580

Description

This exceptional investment opportunity presents a brand-new, 9,956 square-foot Walgreens located in Gretna, Nebraska, within the thriving Gretna Landing development. The property boasts a new 15-year absolute NNN lease commencing April 1, 2024, with seven 5-year renewal options, each including a 5% rent increase. This provides exceptional long-term stability and predictable cash flow, with zero landlord responsibilities. The Walgreens is situated on a 1.36-acre lot at a high-traffic intersection (89,500 vehicles per day from nearby roads), benefiting from its proximity to Highway 6 and Interstate 80. The property's strategic location within Gretna Landing, a large mixed-use development, ensures high visibility and access to a strong customer base. Gretna Landing includes a significant amount of commercial space, along with residential units, and other retail establishments such as Hy-Vee, Fleet Farm, Chipotle, McDonald's, and various banks and coffee shops. The area demonstrates strong demographics, with an affluent average household income exceeding $171,000 within a one-mile radius. Gretna's population is projected to experience substantial growth, further enhancing the long-term value of this investment. The $5,661,538 asking price represents a 6.50% cap rate and a net operating income (NOI) of $368,000. This is a rare opportunity to acquire a newly constructed, high-performing Walgreens in a rapidly growing market. The property's state-of-the-art design and prime location make it an ideal addition to any investment portfolio.