Skip to main content

Grocery Store

Family Fare Supermarket

5110 S 108th St, Omaha, NE 68137

Listing Price: $5,014,000

Cap Rate
6.00%
Tenant Name
SpartanNash – dba Family Fare Supermarkets
Years Remaining On Lease
4.6
Gross SF
65,413
Guarantor
Subsidiary of a Corporation
Rentable SF
65,413
Price/Gross SF
$76.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.60

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. SpartanNash currently operate more than 150 corporate-owned retail stores in nine states and distribute to more than 2,100 independent locations throughout the country. 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 Recently Renewed for Additional Five Years and Made Capital Improvements to Store - Showing Commitment to Location
  • More than Four and a Half Years Remaining on Absolute Triple-Net Lease
  • Two, Five Year Renewal Options on Term at Below Market Rent
  • 214,383 Residents Within a Five-Mile Radius - Robust Trade Area in Omaha MSA
  • High Visibility Location at Signalized Hard Corner of S 108th Street (23,760 Cars per Day) and Q Street (27,084 Cars per Day) - Combined 50,844 Cars per Day
  • Surrounded by National Retailers - Raising Cane's, McDonald's, Taco Bell, Dunkin' Donuts, O'Reilly Auto Parts, Burger King, Arby's, and Many More
  • Immediate Connection to I-80 (103,755 Cars per Day) and US-275 (30,685 Cars per Day)
  • High-Growth MSA with the Lowest State Unemployment Rate of 1.8 Percent (Omaha: One and a Half Percent)

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: $5,014,000

Cap Rate
6.00%
Tenant Name
SpartanNash – dba Family Fare Supermarkets
Years Remaining On Lease
4.6
Gross SF
65,413
Guarantor
Subsidiary of a Corporation
Rentable SF
65,413
Price/Gross SF
$76.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.60

Investment Highlights

  • Tenant Recently Renewed for Additional Five Years and Made Capital Improvements to Store - Showing Commitment to Location
  • More than Four and a Half Years Remaining on Absolute Triple-Net Lease
  • Two, Five Year Renewal Options on Term at Below Market Rent
  • 214,383 Residents Within a Five-Mile Radius - Robust Trade Area in Omaha MSA
  • High Visibility Location at Signalized Hard Corner of S 108th Street (23,760 Cars per Day) and Q Street (27,084 Cars per Day) - Combined 50,844 Cars per Day
  • Surrounded by National Retailers - Raising Cane's, McDonald's, Taco Bell, Dunkin' Donuts, O'Reilly Auto Parts, Burger King, Arby's, and Many More
  • Immediate Connection to I-80 (103,755 Cars per Day) and US-275 (30,685 Cars per Day)
  • High-Growth MSA with the Lowest State Unemployment Rate of 1.8 Percent (Omaha: One and a Half Percent)

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. SpartanNash currently operate more than 150 corporate-owned retail stores in nine states and distribute to more than 2,100 independent locations throughout the country. 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