Property Highlights
NOTES
- 95% occupied retail shopping center
- Excellent location adjacent to Nebraska’s top performing Walmart
- Historically well-leased center with a great set of successful, long term tenants
- New 10-year leases with Ross Dress for Less, Five Below and Dollar Tree
- Former Gordmans vacancy (50,000 SF) retenanted at market rates within 18 months
Property Overview
Multi-Tenant Retail Center
10521 South 15TH Street, Bellevue, NE
2002-2007
116,653 S
The End Result
December 9, 2019 | Multi-Tenant Retail Center
$15,675,000
$134.37
MAJOR POINTS
- Property closed at 93% of asking price, despite lower NOI due to losing several anticipated new tenants
- Viking purchased the property off market in 2017 when it was 45% vacant, retenanted the property and sold it for a significant gain.
- Buyer sourced by Ember Grummons, who also sourced the original off market opportunity to Viking in 2017.
