1510 Harlan Dr Bellevue, NE 68005-3650
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
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Western Union Bank Credit Union
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Coinstar Bank Credit Union
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Family Fare Supermarket Grocery & Convenience Store Food Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.