Shopping Strip

Starwood Shopping Center

9939-9959 Redick Circle, Omaha, NE 68122

Listing Price: $2,864,000

Cap Rate
7.50%
Gross SF
22,164
Rentable SF
22,164
Price/Gross SF
$129.22
Lot Size
2.30 acres
Year Built
2004

Investment Overview

Starwood Shopping Center is an 88 percent occupied, 22,164-square foot multi-tenant retail center located in Omaha, Nebraska. Anchored by Dollar Tree, the center has a strong tenant base with 70 percent of the gross leasable area leased to national tenants including CATO, GameStop, and Verizon Wireless. All current leases are triple-net. Situated on 2.3 acres, the building was originally constructed in 2004 and was recently painted to match the neighboring Walmart color scheme. The subject property is located in the northwestern portion of the city, in the southwestern quadrant of Highway 133/Blair High Road and Interstate 680. The main access to the center is from Highway 133, which has traffic counts of 25,500 vehicles per day. The property also benefits from visibility from Interstate 680 directly to the west, with traffic counts of approximately 54,300 vehicles per day. Shadow-anchored by Walmart, other neighboring retailers include Jimmy John's and Burger King. The surrounding area has strong demographics, serving a dense residential population of 176,275 people within a five-mile radius of the property and an average household income exceeding $86,000.

Investment Highlights

  • Well Positioned to Serve a Surrounding Population of Approximately 176,275 Residents Within a Five-Mile Radius With an Average Household Income Exceeding $86,000
  • 22,164-Square Foot, Walmart Shadow-Anchored Retail Center
  • 88% Occupied | All Current Leases are Triple Net
  • Anchored by Dollar Tree | 70% of the Gross Leasable Area has National Tenants

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): NE: 20200223

    Nebraska

Shopping Strip

Starwood Shopping Center

Listing Price: $2,864,000

Cap Rate
7.50%
Gross SF
22,164
Rentable SF
22,164
Price/Gross SF
$129.22
Lot Size
2.30 acres
Year Built
2004

Investment Highlights

  • Well Positioned to Serve a Surrounding Population of Approximately 176,275 Residents Within a Five-Mile Radius With an Average Household Income Exceeding $86,000
  • 22,164-Square Foot, Walmart Shadow-Anchored Retail Center
  • 88% Occupied | All Current Leases are Triple Net
  • Anchored by Dollar Tree | 70% of the Gross Leasable Area has National Tenants

Investment Overview

Starwood Shopping Center is an 88 percent occupied, 22,164-square foot multi-tenant retail center located in Omaha, Nebraska. Anchored by Dollar Tree, the center has a strong tenant base with 70 percent of the gross leasable area leased to national tenants including CATO, GameStop, and Verizon Wireless. All current leases are triple-net. Situated on 2.3 acres, the building was originally constructed in 2004 and was recently painted to match the neighboring Walmart color scheme. The subject property is located in the northwestern portion of the city, in the southwestern quadrant of Highway 133/Blair High Road and Interstate 680. The main access to the center is from Highway 133, which has traffic counts of 25,500 vehicles per day. The property also benefits from visibility from Interstate 680 directly to the west, with traffic counts of approximately 54,300 vehicles per day. Shadow-anchored by Walmart, other neighboring retailers include Jimmy John's and Burger King. The surrounding area has strong demographics, serving a dense residential population of 176,275 people within a five-mile radius of the property and an average household income exceeding $86,000.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): NE: 20200223

    Nebraska

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