Shopping Strip
Val Verde Place Shopping Center
9631 Giles Rd, La Vista, NE 68128
Listing Price: $6,520,000
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire
100 percent fee simple interest in Val Verde Place, (“The Property”), a 48,712 square foot
value add neighborhood shopping center located in Omaha, NE.
Located within Sarpy County, the Property is ideally positioned within the fastest growing
and wealthiest county in the state of Nebraska, boasting a population of more than 200,000
and projected growth of five percent over the next five years.
The premier neighborhood-style dining, medical, and daily service needs center is 86
percent leased to an e-commerce resistant tenant roster which is widely recognized by
residents and surrounded by high income communities, both long-established and under
development. The Center combines great access and visibility with a convenient location
that caters to the surrounding high-income demographics. The Property features 1-mile
average household incomes exceeding $105,000.
Val Verde Place is strategically located at the signalized intersection of Giles Rd and
S 96th Street (27,500 Vehicles Per Day) near the Tara Hills Golf Course and directly
across the street from the second highest performing Walmart Neighborhood Market
in the state, which brings in more than 735,000 annual visitors (according to Placer
AI). In addition, Mayfair Commons, a brand new $60M apartment complex with 264
units is under construction directly across the street from Val Verde Place.
Built in 2000 on a 6.82-acre site, the Property consists of four adjacent strip centers
totaling 48,712 square feet and boasting an average suite size of just 2,208 SF
offering minimal risk exposure to any single tenant.
Val Verde Place provides a compelling and straight forward value-add opportunity through
the lease-up of the three vacant suites totaling 6,447 square feet and a mark-to-market
play with significantly below market rents in a submarket with only a 3% vacancy rate.
Leasing up the vacant suites will drive the NOI up more than $620,000 and create a Pro
Forma cap rate north of 9.6%. The Property is offered well below replacement cost at
just $133 PSF providing a buffer against any future developments.
Sarpy County retail has enjoyed 30 percent rent growth in the last ten years and is poised to
continue its upward trajectory with extremely strong real estate fundamentals. The
immediate trade area is home to numerous developments including a new Costco and
seven new apartment complexes totaling 1,296 new units.
Val Verde Place Shopping Center
Investment Highlights
- Neighborhood-Style Dining, Medical, Shopping, And Service-Oriented Center Featuring An E-Commerce Resistant Tenant Roster Widely Recognized By Residents And Surrounded By High Income Communities.
- Perfectly Positioned At The Signalized Intersection Of Giles Rd And S 96th Street (27,500 Vehicles Per Day) Near The Tara Hills Golf Course.
- Mayfair Commons, A Brand New $60 Million Apartment Complex With 264 Units, Is Under Construction Directly Across The Street From The Property
- Value-Add Opportunity Through The Lease-Up Of The Three Vacant Suites Totaling 6,447 Square Feet And A Mark-To-Market Play With Significantly Below Market Rents In A Submarket With Only A Three Percent Vacancy Rate.
- Leasing Up The Vacant Suites Will Drive The NOIUp To More Than $620,000 And Create A Pro Forma Cap Rate North Of 9.6 Percent
- The Property Has Recently Enjoyed Strong Leasing Activity Including One New Lease And Six Renewals Executed Within The Last Six Months. These Leases Account For 25 Percent Of The Total GLA And Demonstrate The Strength, Stability, And Growth Of The Location
- Centrally Located Within A Dense, Affluent Trade Area Featuring 83,000 Residents With An Average Household Income Of $100,000 Within A Three-Mile Radius
Listing Price: $6,520,000
Investment Highlights
- Neighborhood-Style Dining, Medical, Shopping, And Service-Oriented Center Featuring An E-Commerce Resistant Tenant Roster Widely Recognized By Residents And Surrounded By High Income Communities.
- Perfectly Positioned At The Signalized Intersection Of Giles Rd And S 96th Street (27,500 Vehicles Per Day) Near The Tara Hills Golf Course.
- Mayfair Commons, A Brand New $60 Million Apartment Complex With 264 Units, Is Under Construction Directly Across The Street From The Property
- Value-Add Opportunity Through The Lease-Up Of The Three Vacant Suites Totaling 6,447 Square Feet And A Mark-To-Market Play With Significantly Below Market Rents In A Submarket With Only A Three Percent Vacancy Rate.
- Leasing Up The Vacant Suites Will Drive The NOIUp To More Than $620,000 And Create A Pro Forma Cap Rate North Of 9.6 Percent
- The Property Has Recently Enjoyed Strong Leasing Activity Including One New Lease And Six Renewals Executed Within The Last Six Months. These Leases Account For 25 Percent Of The Total GLA And Demonstrate The Strength, Stability, And Growth Of The Location
- Centrally Located Within A Dense, Affluent Trade Area Featuring 83,000 Residents With An Average Household Income Of $100,000 Within A Three-Mile Radius
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 100 percent fee simple interest in Val Verde Place, (“The Property”), a 48,712 square foot value add neighborhood shopping center located in Omaha, NE. Located within Sarpy County, the Property is ideally positioned within the fastest growing and wealthiest county in the state of Nebraska, boasting a population of more than 200,000 and projected growth of five percent over the next five years. The premier neighborhood-style dining, medical, and daily service needs center is 86 percent leased to an e-commerce resistant tenant roster which is widely recognized by residents and surrounded by high income communities, both long-established and under development. The Center combines great access and visibility with a convenient location that caters to the surrounding high-income demographics. The Property features 1-mile average household incomes exceeding $105,000. Val Verde Place is strategically located at the signalized intersection of Giles Rd and S 96th Street (27,500 Vehicles Per Day) near the Tara Hills Golf Course and directly across the street from the second highest performing Walmart Neighborhood Market in the state, which brings in more than 735,000 annual visitors (according to Placer AI). In addition, Mayfair Commons, a brand new $60M apartment complex with 264 units is under construction directly across the street from Val Verde Place. Built in 2000 on a 6.82-acre site, the Property consists of four adjacent strip centers totaling 48,712 square feet and boasting an average suite size of just 2,208 SF offering minimal risk exposure to any single tenant. Val Verde Place provides a compelling and straight forward value-add opportunity through the lease-up of the three vacant suites totaling 6,447 square feet and a mark-to-market play with significantly below market rents in a submarket with only a 3% vacancy rate. Leasing up the vacant suites will drive the NOI up more than $620,000 and create a Pro Forma cap rate north of 9.6%. The Property is offered well below replacement cost at just $133 PSF providing a buffer against any future developments. Sarpy County retail has enjoyed 30 percent rent growth in the last ten years and is poised to continue its upward trajectory with extremely strong real estate fundamentals. The immediate trade area is home to numerous developments including a new Costco and seven new apartment complexes totaling 1,296 new units.
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