Skip to main content

Grocery Store

Family Fare Supermarket

3003 N 108th St, Omaha, NE 68164

Listing Price: $4,796,000

Cap Rate
6.00%
Tenant Name
SpartanNash - dba Family Fare Supermarkets
Years Remaining On Lease
5.1
Gross SF
66,474
Guarantor
Subsidiary of a Corporation
Rentable SF
66,474
Price/Gross SF
$72.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.33

Investment Overview

As a part of the SpartanNash family of stores, Family Fare Supermarkets has a strong commitment to helping people put meals on their table. SpartanNash (SPTN) is a Fortune 400 company and the fifth largest food distributor in the United States, and a leading distributor of grocery products to U.S military commissaries. Omaha, the largest city in the State of Nebraska and the 42nd-largest city in the United States, is located on the Missouri river and just 10 miles north of the Platte, or Nebraska River. Omaha is the county seat of Douglas County and the anchor of the Omaha-Council Bluffs metropolitan area, which boasts a population of nearly one million residents.

Investment Highlights

  • Tenant Exercised Early Renewal and Made Capital Improvements to Store - Showing Commitment to Location
  • More Than 5 Years Remaining on Absolute Triple-Net Lease
  • 2, 5 Year Renewal Options at Below Market Rent
  • 239,433 Residents within a 5-Mile Radius - Robust Trade Area in Heart of Omaha MSA
  • High Visibility Location with over 100,000 VPD at Intersection of West Maple Rd / N-64 (29,195 Cars/Day) and North 108th Street (70,376 Cars/Day), and Along I-680 (94,780 Cars/Day)
  • Surrounded by National Retailers - Pizza Hut, McDonald's, Burger King, Taco Bell, Jimmy John's, Dollar General, and More
  • Down the Street from Westroads Mall - the Largest Mall in Nebraska anchored by The Container Store, Von Maur, JCPenny, Dick's Sporting Goods, and AMC Theatres
  • High-Growth MSA with the Lowest State Unemployment Rate of 1.8% (Omaha 1.5%)

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Financing By

Grocery Store

Family Fare Supermarket

Listing Price: $4,796,000

Cap Rate
6.00%
Tenant Name
SpartanNash - dba Family Fare Supermarkets
Years Remaining On Lease
5.1
Gross SF
66,474
Guarantor
Subsidiary of a Corporation
Rentable SF
66,474
Price/Gross SF
$72.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.33

Investment Highlights

  • Tenant Exercised Early Renewal and Made Capital Improvements to Store - Showing Commitment to Location
  • More Than 5 Years Remaining on Absolute Triple-Net Lease
  • 2, 5 Year Renewal Options at Below Market Rent
  • 239,433 Residents within a 5-Mile Radius - Robust Trade Area in Heart of Omaha MSA
  • High Visibility Location with over 100,000 VPD at Intersection of West Maple Rd / N-64 (29,195 Cars/Day) and North 108th Street (70,376 Cars/Day), and Along I-680 (94,780 Cars/Day)
  • Surrounded by National Retailers - Pizza Hut, McDonald's, Burger King, Taco Bell, Jimmy John's, Dollar General, and More
  • Down the Street from Westroads Mall - the Largest Mall in Nebraska anchored by The Container Store, Von Maur, JCPenny, Dick's Sporting Goods, and AMC Theatres
  • High-Growth MSA with the Lowest State Unemployment Rate of 1.8% (Omaha 1.5%)

Investment Overview

As a part of the SpartanNash family of stores, Family Fare Supermarkets has a strong commitment to helping people put meals on their table. SpartanNash (SPTN) is a Fortune 400 company and the fifth largest food distributor in the United States, and a leading distributor of grocery products to U.S military commissaries. Omaha, the largest city in the State of Nebraska and the 42nd-largest city in the United States, is located on the Missouri river and just 10 miles north of the Platte, or Nebraska River. Omaha is the county seat of Douglas County and the anchor of the Omaha-Council Bluffs metropolitan area, which boasts a population of nearly one million residents.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

Financing By

MM Texture Background
MM Textured Background Lower