4702 N 30Th St Omaha, NE 68111

Property Details for 4702 N 30Th St

Year built

1910

Lot size

0.14 lot acres

Property size

3,000 SF

Zone code

GC

Property type

Commercial land

APN

823730000

APU

823730000

Description

Exceptional investment opportunity: a brand-new, 4,185 square foot Bank of America branch located at 4702 N 30th St, Omaha, Nebraska, 68111. This absolute triple-net (NNN) ground lease boasts a 14.8-year remaining term (commencing August 10, 2024, and expiring August 30, 2039), with six 5-year renewal options. The property sits on a 0.84-acre lot and features a strong corporate guarantee from Bank of America, a highly rated financial institution. The lease includes 5% rental increases every five years, generating a current NOI of $135,000 and a 4.75% cap rate. The asking price is $2,842,000 ($679.09/sq ft). This prime location enjoys high visibility at a signalized hard corner, near the convergence of three major thoroughfares (Sorenson Pkwy, US Hwy 75, and N 30th St), experiencing over 78,000 vehicles per day. The property benefits from strong surrounding demographics, with over 214,000 residents within a five-mile radius and over 95,000 within three miles. Nearby national retailers include Aldi, McDonald's, Burger King, AutoZone, Family Dollar, and a USPS. Omaha, Nebraska, offers a thriving Midwest market, home to numerous Fortune 500 companies and a robust economy. The building was constructed in 2024 and is expected to open in March 2025. This is a rare opportunity to acquire a secure, long-term investment with a blue-chip tenant in a high-traffic area.