774 Olson Dr Papillion, NE 68046-4851

This exceptional 9,237 square foot retail property, located at 774 Olson Drive in Papillion, Nebraska, presents a compelling investment opportunity. Built in 2014, this single-story building sits on a 0.82-acre lot and boasts a prime location just off Highway 370, between 72nd and 84th streets, a high-traffic area with approximately 43,000 vehicles per day. Currently, the property is 76% occupied by Berkshire Hathaway Home Services, with a lease term of approximately seven years remaining. This leaves 2,244 square feet available for lease to another tenant or for owner-occupancy. The asking price is $2,500,000, representing a price per square foot of $270.65. The current Net Operating Income (NOI) is $142,554, yielding a 5.70% cap rate. However, a pro-forma NOI of $212,533 projects a significantly higher 8.50% cap rate, highlighting the value-add potential. The property features a drive-thru and prominent pylon signage, ensuring high visibility. Its adjacency to Shadow Lake Towne Center, a major shopping destination with over 70 retailers, further enhances its desirability. The property is zoned for retail and office use, offering flexibility for various business types. This is a rare opportunity to acquire a well-located, partially leased retail building with significant upside potential in a thriving Nebraska market. Consider this property for lease or sale.