Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 100 percent fee simple interest in Oak View Plaza (the “Property”), a 91,350 square foot retail shopping center in Omaha, Nebraska. Oak View Plaza is 87 percent leased to a diverse tenant line-up including Petsmart, who exercised their third renewal in 2024, a recent 10-year lease with the National Safety Council, as well as Aspen Dental and Men’s Wearhouse, who both recently renewed. The Property benefits from dense residential demographics with more than 85,000 residents in a three-mile radius with average incomes above $105,000. Omaha is also an extremely tight retail market with less than four percent of space available across the market providing excellent leasing opportunities. Oak View Plaza has excellent tenant retention with average tenure of the current tenancy at 15 years and two tenants who are original to the building from 1999. The recent renewals bring the weighted average lease term remaining to more than five years providing a stable base from which investors can execute the value add to fill the three vacancies. Leasing up the vacant suites would drive an additional $200,000 plus to the Net Operating Income bringing the property to a 10 percent Pro Forma Cap Rate. The Property is offered for sale at an 8.2 percent cap rate on in-place numbers totaling $12,450,000.