AMIGO’S – LA VISTA, NE

La Vista, NE

Price $1,700,000
Cap Rate 6.00 %
TYPE Single-Tenant
STATUS Available
Tenant Growth Management Corporation
LEASE TYPE Absolute NNN
SQUARE FEET 2,711
YEAR BUILT 2019
LEASE EXP. 12/31/2034
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Amigos has 10 years remaining on 15-year Absolute NNN lease with attractive 8.50% rental escalations every 5 years. The Tenant, Growth Management Corporation established in 1980 with 25 locations throughout Nebraska. It is Successfully open & operating since 2019 with an attractive 6.91% Rent to Sales Ratio!

The Asset is Across the street from Costco & Cabelas near I-80 & Giles Rd exit with traffic counts of 36,374 CPD with an impressive 11-car stack in drive-thru! La Vista has major retailers such as Cabela’s, Costco, Walmart, Target, Sam’s Club, Lowe’s, Home Depot, Menards, Hobby Lobby, Kohl’s, Office Depot, Harbor Freight Tools, Family Fare Supermarket, Dollar Tree, Alamo Drafthouse Cinema, Planet Fitness, Walgreens, CVS, and Goodwill. The complex has 12 all-turf fields, hosting regional tournaments for a variety of sports, including soccer, lacrosse, softball, baseball, flag football, and rugby with an economic impact of $9.9 million and with over 71,200 visitors annually. Less than 4 miles from City Centre – a growing residential, business & entertainment district located in this upscale residential community featuring the 384-unit luxurious apartment community Vivere and The Astro/The Astro Amphitheater – a brand new 5,000 person concert hall

Property Highlights

  • 10 years remaining on 15-year Absolute NNN lease with attractive 8.50% rental escalations every 5 years.
  • Successfully open & operating since 2019 with an attractive 6.91% Rent to Sales Ratio!
  • According to Bureau of Labor Statistics (July 2024), Nebraska’s rate at 2.6% | National rate at 4.3% - ranking Nebraska among the 3rd lowest in the U.S.!
  • Growth Management Corporation established in 1980 with 25 locations throughout Nebraska
  • Across the street from Costco & Cabelas near I-80 & Giles Rd exit with traffic counts of 36,374 CPD with an impressive 11-car stack in drive-thru!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 187,097 | Average Household Income (1-MI): $129,880