Property summary
This exceptional investment opportunity presents a fee-simple interest in a 4,886 square foot bank building located at 17020 Evans Plaza, Omaha, Nebraska. The property sits on a 1.12-acre lot and boasts 40 parking spaces. Currently 100% occupied by Cobalt Credit Union, a financially strong credit union with a 78-year history and 26 locations, the property is subject to a new 10-year absolute NNN lease commencing January 1, 2025, and expiring December 31, 2034. The lease includes a corporate guarantee and features attractive 2.5% annual rent bumps. The property's strong financials include a Net Operating Income (NOI) of $185,668 and a 6.75% cap rate. Built in 2005, the single-story building is zoned MU Mixed Use and benefits from a high-traffic, signalized corner location on West Maple Road, experiencing over 28,000 vehicles per day. The property is part of the Target-anchored Whispering Ridge Shopping Center, attracting 4.2 million annual visits. The lease includes two 5-year renewal options. The asking price is $2,751,000. Average household incomes within a 5-mile radius exceed $150,000, indicating a strong and affluent demographic. The property's APN is 2532189327.
Property profile
VerifiedCap rate & NOI
Current use
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Credit Union
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of t…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MU · Omaha, NEThe MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of t…
Zoning
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Zoning designation
Official district profile
The MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of t…
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