13510 Q St, Omaha, NE 68137-3116
- Drug stores
- 14,452 SF
- 1.59 lot acres
Current Use by Public Records
- Walgreens Pharmacy / Pharmacy
- Walgreens / Cosmetic Store
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Alyssa D. Pierson, PharmD / Pharmacy
- Sharilyn J. Kawa, RPH / Pharmacy
Property Details for 13510 Q St
- Year built
- 2009
- Lot size
- 1.59 lot acres
- Zone code
- NBD
- Property type
- Drug stores
- APN
- 1023530190
- APU
- 1023530190
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 18, 2007 | — | Merle R Blum | Blum,merle R & Marcia P | Quit Claim Deed · related | — |
| — | — | Cole Wg Omaha Ne LLC | — | Deed Of Trust · related | $41.6M · J P Morgan Chase Bank |
Description
This exceptional investment opportunity presents a 14,550 square foot Walgreens located at 13510 Q St, Omaha, NE 68137, situated on a 1.73-acre lot. The property boasts a strong absolute NNN lease with a corporate guarantee from Walgreens, ensuring minimal landlord responsibilities. The lease has 11 years remaining, with significant option periods. The property enjoys a 7.85% cap rate and a substantial net operating income (NOI) of $410,981, with an asking price of $5,235,427 ($359.82/sq ft). The location is prime, positioned along a major commercial thoroughfare experiencing 24,928 vehicles per day, benefiting from excellent ingress and egress. The surrounding demographics are exceptionally strong, with 205,638 residents within a 5-mile radius and an average household income of $110,854. The property's strategic location is further enhanced by its proximity to Millard South High School (2,602 students) and numerous national retailers, including Dairy Queen, AutoZone, McDonald's, Taco Bell, Dollar Tree, O'Reilly Auto Parts, and Crunch Fitness. The property is currently 100% occupied. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a blue-chip tenant in a thriving Omaha neighborhood.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,376,000
Market price range: $560k - $1.74M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,260,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,700,000 Change: +20% Conversion: Moderate
- MEDICAL BUILDING
- $2,185,000 Change: -3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,145,000 Change: -5% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,025,000 Change: -10% Conversion: Easy
- OFFICE BUILDING
- $1,850,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -96.1208
- Latitude
- 41.2056
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
