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Shopping Strip

Walmart Shadow Center

701 S 25th St, Norfolk, NE 68701

Listing Price: $4,960,000

Cap Rate
7.25%
Gross SF
35,694
Rentable SF
35,694
Price/Gross SF
$138.96
Lot Size
3.12 acres
Year Built
2004

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 35,694 SF Walmart Supercenter shadow anchored retail center located in Norfolk, Nebraska • The investment offering is stabilized at 100% and includes a complimentary mix of essential retail, service, & restaurant tenants including national brands such as Dollar Tree, CATO, Verizon, Sally Beauty, Shoe Sensation, & more • Replaceable Rental Rates | Avg. $11.42 • Stable Tenancy | Average Tenant Tenure 14+ Years • Leasing Momentum |2 New Leases & 9 Renewals in the last 3 years • Located in Opportunity Zone DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • The property has been shadow anchored by a high performing Walmart Supercenter since 2004 | Walmart Owns the Walmart • The shopping center sees 2.7M annual visits per year, ranking as the top shopping center in a 50-Mile Radius • This is a dominant Walmart Location and ranks in the top 24% of all Walmart locations in Foot Traffic (Placer.ai) • This Walmart ranks #6 of 25 locations in Nebr aska, and significantly outperforms the only other Walmart in a 50-mile radius • The shopping center pulls f rom a 40+ Mile Trade Area STRATEGIC LOCATION | PRIMARY RETAIL CORRIDOR • The property is located on US-275 (16,045 VPD) • US-275 is Norfolk’s primary retail corridor with 1.6M SF of retail in a 1-mile radius • Surrounding retailers include Target, Hobby Lobby, Hy-Vee, Harbor Freight, Office Max, Menards, & is just next to Sunset Plaza Mall • Foot Traffic to the center is driven largely by the industrial and corporate presence directly surrounding the center • Major Companies close by include Associate Wholesale Grocers Nebraska’s Distribution Division (650 Employees), Nucur (1,200 Employees), Covidien (440 Employees), Continental (350 Employees) and Wis-Pak (100 Employees)This shopping center pulls f rom a 20+ mile trade area (Use attached picture below this)picture below this) NORFOLK, NE • Norfolk is a city in Madison County, Nebraska, 113 miles northwest of Omaha and 83 miles west of Sioux City at the intersection of U.S. Routes 81 and 275. • Norfolk is the primary retail destination for a Three-County Area with a total population of 50,000 • Norfolk is also the economic center for an area encompassing six counties & is the major retail trade center for Northeast Nebraska. • Basic economic activities of Norfolk are manufacturing, farming (both livestock and grain), education, retailing, and wholesaling.

Investment Highlights

  • High Performing Walmart | Top 24% In The US
  • Stable Tenancy Average Tenant Tenure 14 + Years
  • Leasing Momentum | 2 New Leases & 9 Renewals
  • Located In Primary Retail Cooridor | 1.6M SF Of Retail In 1-Mile Radius
  • #1 Most Visited Shopping Center In Market | 2.7M Annual
  • Norfolk, NE Is The Retail Epicenter of Northeast Nebraska

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $4,960,000

Cap Rate
7.25%
Gross SF
35,694
Rentable SF
35,694
Price/Gross SF
$138.96
Lot Size
3.12 acres
Year Built
2004

Investment Highlights

  • High Performing Walmart | Top 24% In The US
  • Stable Tenancy Average Tenant Tenure 14 + Years
  • Leasing Momentum | 2 New Leases & 9 Renewals
  • Located In Primary Retail Cooridor | 1.6M SF Of Retail In 1-Mile Radius
  • #1 Most Visited Shopping Center In Market | 2.7M Annual
  • Norfolk, NE Is The Retail Epicenter of Northeast Nebraska

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 35,694 SF Walmart Supercenter shadow anchored retail center located in Norfolk, Nebraska • The investment offering is stabilized at 100% and includes a complimentary mix of essential retail, service, & restaurant tenants including national brands such as Dollar Tree, CATO, Verizon, Sally Beauty, Shoe Sensation, & more • Replaceable Rental Rates | Avg. $11.42 • Stable Tenancy | Average Tenant Tenure 14+ Years • Leasing Momentum |2 New Leases & 9 Renewals in the last 3 years • Located in Opportunity Zone DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • The property has been shadow anchored by a high performing Walmart Supercenter since 2004 | Walmart Owns the Walmart • The shopping center sees 2.7M annual visits per year, ranking as the top shopping center in a 50-Mile Radius • This is a dominant Walmart Location and ranks in the top 24% of all Walmart locations in Foot Traffic (Placer.ai) • This Walmart ranks #6 of 25 locations in Nebr aska, and significantly outperforms the only other Walmart in a 50-mile radius • The shopping center pulls f rom a 40+ Mile Trade Area STRATEGIC LOCATION | PRIMARY RETAIL CORRIDOR • The property is located on US-275 (16,045 VPD) • US-275 is Norfolk’s primary retail corridor with 1.6M SF of retail in a 1-mile radius • Surrounding retailers include Target, Hobby Lobby, Hy-Vee, Harbor Freight, Office Max, Menards, & is just next to Sunset Plaza Mall • Foot Traffic to the center is driven largely by the industrial and corporate presence directly surrounding the center • Major Companies close by include Associate Wholesale Grocers Nebraska’s Distribution Division (650 Employees), Nucur (1,200 Employees), Covidien (440 Employees), Continental (350 Employees) and Wis-Pak (100 Employees)This shopping center pulls f rom a 20+ mile trade area (Use attached picture below this)picture below this) NORFOLK, NE • Norfolk is a city in Madison County, Nebraska, 113 miles northwest of Omaha and 83 miles west of Sioux City at the intersection of U.S. Routes 81 and 275. • Norfolk is the primary retail destination for a Three-County Area with a total population of 50,000 • Norfolk is also the economic center for an area encompassing six counties & is the major retail trade center for Northeast Nebraska. • Basic economic activities of Norfolk are manufacturing, farming (both livestock and grain), education, retailing, and wholesaling.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

Financing By

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