Property Highlights
NOTES
- Hy-Vee had only 3.5 years left on lease
- Flat rents throughout tenant’s primary term and near term options limited potential Buyer pool
- Older store had deferred maintenance
Property Overview
Single Tenant Net Leased Retail
10808 Fort St, Omaha, NE
1998
69,917 SF
The End Result
May 2017
$10,480,000
$149.89
MAJOR POINTS
- Negotiated lease extension with Hy-Vee contingent on sale of the property
- Worked with Buyers willing to accept flat rents in exchange for Hy-Vee’s superior credit and operating abilities
- Obtained two offers at identical terms, both of which met Seller’s objectives
