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Shopping Strip

Bank of the West & Dave's Hot Chicken

339 N Saddle Creek Rd, Omaha, NE 68131

Listing Price: $3,894,000

Cap Rate
5.75%
Gross SF
5,412
Rentable SF
5,412
Price/Gross SF
$719.51
Lot Size
0.57 acres
Year Built
2021

Investment Overview

Bank of the West is a financially strong, well-capitalized and prudently managed FDIC-insured bank that customers have entrusted with their money for over 135 years. Through holding company BancWest Corporation, the bank is a subsidiary of BNP Paribas, one of the six highest rated banks in the world. Founded by Arman Oganesyan and chef Dave Kopushyan and two friends in early 2017, Dave's Hot Chicken has sold the rights to over 599 franchise locations in the U.S. and Canada and will open an additional 75 locations this year. Omaha, the largest city in the State of Nebraska and the 42nd-largest city in the United States, is located on the Missouri river and just 10 miles north of the Platte, or Nebraska River. Omaha is the county seat of Douglas County and the anchor of the Omaha-Council Bluffs metropolitan area, which boasts a population of nearly one million residents. Named after an American Indian Tribe, Omaha means "Those going against the wind or current", a true and continuing characterization of the city's culture.

Investment Highlights

  • Fully Leased to Bank of the West, One of the Six Highest Rating Banks in the World, and Dave's Hot Chicken, Rapidly Expanding Franchise with Over 700 Committed Locations
  • 10 Percent Rental Increases Every Five Years on Both Leases with Multiple Renewal Options
  • 287,391 Residents within a Five-Mile Radius - Robust Trade Area in Heart of Omaha MSA
  • Approximately $74.8 Million Branch Deposits at Bank of the West Branch Reported in June 2021
  • Surrounded by National Retailers - Chipotle, Walmart Neighborhood Market, Ace Hardware, Walgreens, Panera, Burger King, Popeye's, Qdoba, and More
  • High Visibility Location Along N Saddle Creek Rd (24,700 Cars per Day) and Just Off of Dodge Street / Route 6 (20,530 Cars per Day)
  • Subject Property is Less Than 10 Minutes / Three Miles from Downtown Omaha
  • Location In Immediate Proximity to The University of Nebraska Omaha

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Financing By

Shopping Strip

Bank of the West & Dave's Hot Chicken

Listing Price: $3,894,000

Cap Rate
5.75%
Gross SF
5,412
Rentable SF
5,412
Price/Gross SF
$719.51
Lot Size
0.57 acres
Year Built
2021

Investment Highlights

  • Fully Leased to Bank of the West, One of the Six Highest Rating Banks in the World, and Dave's Hot Chicken, Rapidly Expanding Franchise with Over 700 Committed Locations
  • 10 Percent Rental Increases Every Five Years on Both Leases with Multiple Renewal Options
  • 287,391 Residents within a Five-Mile Radius - Robust Trade Area in Heart of Omaha MSA
  • Approximately $74.8 Million Branch Deposits at Bank of the West Branch Reported in June 2021
  • Surrounded by National Retailers - Chipotle, Walmart Neighborhood Market, Ace Hardware, Walgreens, Panera, Burger King, Popeye's, Qdoba, and More
  • High Visibility Location Along N Saddle Creek Rd (24,700 Cars per Day) and Just Off of Dodge Street / Route 6 (20,530 Cars per Day)
  • Subject Property is Less Than 10 Minutes / Three Miles from Downtown Omaha
  • Location In Immediate Proximity to The University of Nebraska Omaha

Investment Overview

Bank of the West is a financially strong, well-capitalized and prudently managed FDIC-insured bank that customers have entrusted with their money for over 135 years. Through holding company BancWest Corporation, the bank is a subsidiary of BNP Paribas, one of the six highest rated banks in the world. Founded by Arman Oganesyan and chef Dave Kopushyan and two friends in early 2017, Dave's Hot Chicken has sold the rights to over 599 franchise locations in the U.S. and Canada and will open an additional 75 locations this year. Omaha, the largest city in the State of Nebraska and the 42nd-largest city in the United States, is located on the Missouri river and just 10 miles north of the Platte, or Nebraska River. Omaha is the county seat of Douglas County and the anchor of the Omaha-Council Bluffs metropolitan area, which boasts a population of nearly one million residents. Named after an American Indian Tribe, Omaha means "Those going against the wind or current", a true and continuing characterization of the city's culture.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

Financing By

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