Property profile

9909 Redick Cir Omaha, NE 68122

OFF-MARKET
Drive through restaurants
Property ID
US57-1109616
1,890 SF 0.8 ac lot Built 2009
Entity Owned 9-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service

Location

9909 Redick Cir Omaha, NE 68122-1677
Omaha metro Census 7312 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$908k
Blend (final) Blend
$1.14M

Owner & transaction history

since 2016
Last sale
$1.3M
5 recorded transactions
2016
$1.5M
2008
Price N/A
2008
$1.2M
2006
$370,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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