Qdoba Mexican Grill / Noodles & Company NNN Property For Sale — Omaha, NE
12414 L St, Omaha, NE 68137
This 100% occupied, 5,002 SF two-tenant strip center is strategically positioned as an outparcel to the prominent L Street Marketplace, featuring anchor tenants like Super Target. Leased to Qdoba Mexican Grill (corporate lease) and Noodles & Co. (5-unit franchisee), the property offers stable income with approximately 5 years remaining on the original 10-year leases. Both tenants also have two 5-year option periods, with 10% rental increases during each option. The location benefits from excellent market fundamentals, situated along the highly trafficked L Street (over 61,400 VPD) with superb visibility and serving a dense residential area with over 218,400 residents and an average household income of $85,629 within a 5-mile radius. This asset presents minimal landlord responsibilities an…
- Address: 12414 L St, Omaha, NE 68137
- Asking price $2.70M
- 6.73% cap rate
- NOI $181,500
- 5 years remaining
- NNN lease
- Year built: 2011
- Building size: 5,002 SF
- Lot size: 0.92 acres
- Lease expiration: Mar 31, 2022
- Rent increases: 04/01/2022: $99,825.00 (per tenant); 04/01/2027: $109,807.50 (per tenant)
- Guarantor: Corporate
Location
This Qdoba Mexican Grill / Noodles & Company property is at 12414 L St in Omaha, Nebraska.
Asset type: Retail