Investment Overview

Marcus & Millichap, as exclusive advisor is pleased to present the opportunity to acquire 100 percent fee simple interest in Southeast Commons (the “Property”) a 28,858 square foot strip center located in Grand Island, Nebraska. The Property is 100 percent occupied and leased to a diverse service-oriented lineup with strong national tenant anchors in Dollar Tree and Jimmy Johns which has a drive-thru and is a top 15 percent location nationwide (Placer AI). Both tenants are on long-term leases with more than 6 years remaining. Grand Island Physical Therapy occupies the other endcap and signed a new 10-year lease in 2023. The center also benefits from a strong weighted average lease term (WALT) of more than 5.5 years providing stable cash flow for investors. Built in 1981 the property has gone through a recent renovation which features a high-end stone façade to give it a modern look. The property sits at the hard corner of Locust St and Fonner Park Rd which has traffic counts of more than 20,000 vehicles per day. The traffic at this corner is set it increase with the new Grand Island Casino set to open Q1 2025 behind the property on Fonner Park Rd. This property also has a new electronic pylon sign, two access points, US Bank ATM, and rear parking for staff.