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    Property profile & analytics
    OFF-MARKET Estimated value $1,155,000
    Drive through restaurants

    9909 Redick Cir, Omaha, NE 68122-1677

    1,890 SF 0.8 ac lot Built 2009
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US57-1109616
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 1,890-square-foot Quick Service Restaurant (QSR) located at 9909 Redick Circle in Omaha, Nebraska. The property sits on a 0.797-acre lot and boasts a highly desirable location in an outlot anchored by a Walmart, ensuring high visibility and consistent traffic. Less than a minute from I-80, this location benefits from exceptional accessibility and high traffic counts along Blair High Road, exceeding 21,055 vehicles per day. Ample parking is available for patrons. The building, constructed in 2009, is zoned Limited Industrial (LI) and is currently under a 10-year Absolute NNN lease commencing June 6th, 2024. The lease includes two 5-year renewal options, with a 10% rental increase after the initial five years and 2.5% annual increases in option rents. The asking price is $1,535,000, representing a compelling 6.5% capitalization rate. This property is part of a larger portfolio, but can be purchased individually. This is a turnkey investment opportunity with strong tenant occupancy and a proven track record. The property's strategic location, long-term lease, and attractive cap rate make it an ideal addition to any investment portfolio. The property's location in Douglas County, Nebraska, zip code 68122, offers easy access to major transportation arteries and a thriving consumer base.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2009
    Total area 1,890 SF
    Lot 0.8 ac (34,717 SF)
    APN 2245254694
    UPID US57-1109616
    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
    • Jimmy John's Take-out & Catering Catering Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.06M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $908k
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    Mitchell Holdings LLC · 9 yrs held
    Mitchell Holdings LLC
    since 2016
    Last sale
    $1.3M
    5 recorded transactions
    2016
    $1.5M
    2008
    2008
    $1.2M
    2006
    $370,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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