5724 144Th StOmaha, NE 68137

Property Details for 5724 144Th St

Lot size

1.52 AC

Property size (Sq ft)

10,127 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Omaha, Nebraska retail investment opportunity: 10,127 sq ft, 7% cap rate, NNN lease, 1.52-acre lot, anchored by Douglas County Treasurer. Strong demographics and location near major retailers and universities. $1,915,000 asking price. Excellent cash flow with staggered lease terms and annual rent increases. The property enjoys high visibility and accessibility on S 144th St, with traffic counts exceeding 37,020 vehicles per day. The center benefits from its proximity to a high-performing Hy-Vee grocery store and a U-Haul facility. The surrounding area boasts a robust retail environment, including national brands such as Walmart, Target, Home Depot, and many others. Furthermore, the property's location near College of St. Mary and the University of Nebraska Omaha provides a consistent stream of potential customers. The area's strong demographics, with a total population of 203,706 within a 5-mile radius and an average household income of $142,794 within a 1-mile radius, contribute to the property's investment appeal. Nebraska's low unemployment rate of 2.5% (January 2024 BLS data) further enhances the investment's stability and potential for growth. The property is a single-story building with a C zoning designation. The Net Operating Income (NOI) is $134,099. The building and land are offered as a fee-simple ownership. The property consists of one unit. The Douglas County Treasurer has been a tenant for 17 years.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2011

Longitude

-96.1397

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