Kohl's NNN Property For Sale — Grand Island, NE
221 Wilmar Ave, Grand Island, NE 68803
This Kohl's property presents an exceptional investment opportunity with a landlord-friendly Absolute Net (NNN) Lease featuring a secure corporate guarantee and 9 years remaining on the term. The property benefits from an exceptionally low rent of $7 PSF, significantly below the market rate of approximately $12 PSF, providing future upside potential. The location exhibits strong performance, ranking in the 72nd percentile in 2025 according to Alphamaps.com, and faces limited competition with no other Kohl's stores within a 42-mile radius. Strategically positioned, the property is shadow-anchored by a dominant Hy-Vee grocery store, one of Nebraska's top-five grocery stores. The smaller 68,724 SF footprint enhances its attractiveness and ease of backfill in the unlikely event of tenant depa…
- Address: 221 Wilmar Ave, Grand Island, NE 68803
- Asking price $6.64M
- 7.25% cap rate
- NOI $481,110
- 9 years remaining
- NNN lease
- Year built: 2005
- Building size: 68,724 SF
- Lot size: 7.28 acres
- Lease expiration: Jan 31, 2035
- Guarantor: Corporate
Location
This Kohl's property is at 221 Wilmar Ave in Grand Island, Nebraska.
Asset type: Retail