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Shopping Strip

L Street Shops

3575 L St, Omaha, NE 68107

Listing Price: $1,821,501

Cap Rate
7.00%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$260.21
Lot Size
1.09 acres
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a Dual-Tenant AT&T and Centris Credit Union property located in Omaha, Nebraska.

The tenants AT&T (eight years) + Centris Credit Union (12 years), have been successful at this location for numerous years showing the strength of the properties’ location. Both tenants have NNN leases with limited landlord responsibilities.

Located at the signalized corner of L Street and South 36th street with over 30,000 cars per day, the property commands strong frontage along the well-established retail corridor of L Street (Highway 275). L Street connects the state of Nebraska to the state of Iowa. The subject property is approximately two miles west of the state line and Omaha Bridge Road, which makes L Street a highly traveled corridor.

The subject property benefits from it’s proximity to major day time traffic generators such as the adjacent Metropolitan Community College (18,523 students) as well as a myriad of agricultural manufacturing plants and companies. Major retailers nearby include Aldi, Planet Fitness, Walgreens, Wells Fargo, Dollar Tree, Hardees, Starbucks, Sonic, Little Ceasars and many more.

The property benefits from dense and vibrant demographics in a five-mile radius comprising of approximately 244,708 people with an average household Income of $77,740. Omaha has a population of approximately 450,000, with a diverse economy that has retained its core agricultural production but expanded to include banking, insurance, telecommunications, and other high-technology industries.

Investment Highlights

  • Freestanding Duel-Tenant AT&T and Centris Credit Union | NNN Leases with Minimal Landlord Responsibilities
  • Attractive 7 Percent CAP Rate on Well Maintained Passive Investment | Long Term Historic Occupancy AT&T (Eight Years) + Centris Credit Union (12 Years)
  • Excellent Hedge Against Inflation: AT&T Six Percent Increase February 2025 / Centris Credit Union Two Percent Annual Increases | Increases Throughout Option Periods
  • Centris Credit Union is the Largest Credit Union In Nebraska with Over 15 Locations and $1.3 Billion in Assets
  • AT&T Guarantor: Prime Communications the Nations Largest Authorized AT&T Retailer with Over 2,000 Locations
  • Signalized Corner | Excellent Frontage on Highly Traveled Retail Corridor | Over 30,000 Cars Per Day
  • Strong Five-Mile Demographics: 244,708 People | Average Household Income $77,740

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Financing By

Shopping Strip

L Street Shops

Listing Price: $1,821,501

Cap Rate
7.00%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$260.21
Lot Size
1.09 acres
Year Built
1989

Investment Highlights

  • Freestanding Duel-Tenant AT&T and Centris Credit Union | NNN Leases with Minimal Landlord Responsibilities
  • Attractive 7 Percent CAP Rate on Well Maintained Passive Investment | Long Term Historic Occupancy AT&T (Eight Years) + Centris Credit Union (12 Years)
  • Excellent Hedge Against Inflation: AT&T Six Percent Increase February 2025 / Centris Credit Union Two Percent Annual Increases | Increases Throughout Option Periods
  • Centris Credit Union is the Largest Credit Union In Nebraska with Over 15 Locations and $1.3 Billion in Assets
  • AT&T Guarantor: Prime Communications the Nations Largest Authorized AT&T Retailer with Over 2,000 Locations
  • Signalized Corner | Excellent Frontage on Highly Traveled Retail Corridor | Over 30,000 Cars Per Day
  • Strong Five-Mile Demographics: 244,708 People | Average Household Income $77,740

Investment Overview

Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a Dual-Tenant AT&T and Centris Credit Union property located in Omaha, Nebraska. The tenants AT&T (eight years) + Centris Credit Union (12 years), have been successful at this location for numerous years showing the strength of the properties’ location. Both tenants have NNN leases with limited landlord responsibilities. Located at the signalized corner of L Street and South 36th street with over 30,000 cars per day, the property commands strong frontage along the well-established retail corridor of L Street (Highway 275). L Street connects the state of Nebraska to the state of Iowa. The subject property is approximately two miles west of the state line and Omaha Bridge Road, which makes L Street a highly traveled corridor. The subject property benefits from it’s proximity to major day time traffic generators such as the adjacent Metropolitan Community College (18,523 students) as well as a myriad of agricultural manufacturing plants and companies. Major retailers nearby include Aldi, Planet Fitness, Walgreens, Wells Fargo, Dollar Tree, Hardees, Starbucks, Sonic, Little Ceasars and many more. The property benefits from dense and vibrant demographics in a five-mile radius comprising of approximately 244,708 people with an average household Income of $77,740. Omaha has a population of approximately 450,000, with a diverse economy that has retained its core agricultural production but expanded to include banking, insurance, telecommunications, and other high-technology industries.

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

Financing By

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