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Property profile & analytics
OFF-MARKET Estimated value $1,870,000
Drug stores

13510 Q St Omaha, NE 68137-3116

14,452 SF 1.59 ac lot Built 2009
Individually Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US57-0252038
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2009
Total area 14,452 SF
Lot 1.59 ac (69,260 SF)
Zoning code NBD
APN 1023530190
UPID US57-0252038
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.87M
Owner & transaction history
Merle R Blum · 19 yrs held
Merle R Blum
since 2007
2 recorded transactions
2007
Price N/A
1969
Price N/A
Zoning & alternative use
NBD · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The NBD neighborhood business district is designed for established local business districts in the city. These districts were the commercial cores of towns that the city eventually annexed or developed along or at the intersections of public transportation routes

Zone name Neighborhood Business District
General category COMMERCIAL
Zone area 70.53 ac
Source Realmo
Top alternative use upside
Neighborhood: shopping center $2.7M +19.6%
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