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Property profile & analytics
OFF-MARKET Estimated value $4,095,000
Grocery and convenience stores

1510 Harlan Dr Bellevue, NE 68005-3650

88,163 SF 1.78 ac lot Built 1972
Entity Owned 2-yr Hold Free & Clear
Property ID
US57-0137271
Property summary
AI-generated overview

This exceptional 155,971 square foot shopping center in Bellevue, Nebraska, presents a compelling value-add investment opportunity. Located at 1510 Harlan Dr, 68005, this fee-simple property boasts a diverse tenant roster of 11 businesses, including a Family Fare grocery store, AutoZone, and Harbor Freight. The center features six buildings on a 14.18-acre lot, constructed in 1972 with renovations in 2007 and 2015. Currently operating at 93.26% occupancy since June 15, 2008, the property offers significant upside potential. The Family Fare lease, with a corporate guarantee from SpartanNash, is significantly below market rent, providing a substantial opportunity to increase revenue. An additional 10,506 square feet of vacant space is available for lease. All tenants are on NNN leases, with most reimbursing for non-capital expense repairs and maintenance, and management fees. A recently signed 10-year NNN lease with Harbor Freight further strengthens the property's performance and attractiveness. The property's strong tenant lineup, including national brands comprising 75% of the gross leasable area and over 70% of revenue, ensures a stable income stream. This multi-tenant property offers a seven-year remaining lease term and presents a rare chance to acquire a well-positioned, income-producing asset with considerable growth potential. The property consists of six single-story buildings. APN numbers are 11618383

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1972
Construction CONCRETE BLOCKS
Total area 88,163 SF
Lot 1.78 ac (77,400 SF)
APN 11345640
UPID US57-0137271
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
  • Western Union Bank Credit Union
  • Coinstar Bank Credit Union
  • Family Fare Supermarket Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.20M
Blend (final) Blend
$4.10M
Owner & transaction history
Harbor Freight Tools USA INC · 2 yrs held
Harbor Freight Tools USA INC
since 2024
2 recorded transactions
2024
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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