SORENSEN PARK PLAZA
OMAHA, NE
In
Conjunction with Ryan Basye - Nebraska Realty
Sorensen Park Plaza
6324 N 73rd Plaza
Omaha, NE 68134
Tenant PetSmart
Locations 1,600+ Locations
Public/Private Private
Line of Business
PetSmart is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It is the leading North American pet company, and its direct competitor is Petco. Its indirect competitors are Amazon, Walmart, and Target. As of 2020, PetSmart has more than 1,650 stores in the United States, Canada, and Puerto Rico.Its stores sell pet food, pet supplies, pet accessories, and small pets.
Tenant Marshalls
Locations 1,130 Locations
Public/Private Private
Line of Business
Men’s T Clinic is a health and wellness clinic that focuses on hypogonadism, commonly known as low testosterone, or Low T. Men’s T Clinic operates nine conveniently located, noappointment-necessary locations that provide testosterone replacement therapies ranging from injection therapy to pharmaceutical gels and creams.
Tenant Ross Dress For Less
Locations 1,500+ Locations
Public/Private Public
Line of Business
Ross Dress for Less is an American chain of discount department stores headquartered in Dublin, California. It is the largest off-price retailer in the U.S. Ross has over 88,000 employees as of 2020.
Tenant Big Lots
Locations 1,400+ Locations
Public/Private Public
Line of Business
Big Lots is an American retail company headquartered in Columbus, Ohio with over 1,400 stores in 47 states.
• Target Shadow Anchored Shopping Center in Northwest Omaha
• Situated at the Southwest Corner of Sorensen Pkwy & 72nd St Across the Street from the CHI Health Immanuel - One of the Largest Hospitals in the State
• Priced Well Below Replacement Cost at $50/SF
• 73% Occupied Providing Investors a Significant Value Add Opportunity
• 57% of the Center is Leased to National Credit Tenants
• Land Parcel Includes 40.52 Acres
• The Population Within a 5-Mile Radius is over 185,000 People
• Sorensen Pkwy Sees Over 16,000 Vehicles per Day, while 72nd St Sees Over 13,000 VPD
• Retailers in the Area Include Target, Chick-fil-A, Baker’s, Walgreens, Taco Bell, Goodwill, McDonald’s, Starbucks, Panda Express, Burger King, JImmy John’s, KFC, Planet Fitness and Many More
16,034
Estimated Vehicle Per Day
Average Household Income $78,080
185,416
Population: 5 Mile Radius
MARIAN HIGH SCHOOL
Omaha, NE
OVERVIEW
Omaha is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha is in the Midwestern United States on the Missouri River, about 10 miles (15 km) north of the mouth of the Platte River (also known as the Nebraska River). The nation’s 40th-largest city, Omaha’s 2019 estimated population was 478,192, compared to its 2010 census population of 408,958. It is the second-largest city in the Great Plains states (behind Oklahoma City), the second-largest city along the Missouri River (behind Kansas City, Missouri), and the seventh-largest city in the Midwest.
Omaha is the anchor of the eight-county, bi-state Omaha-Council Bluffs metropolitan area. The Omaha Metropolitan Area is the 59th largest in the United States, with an estimated population of 944,316 (2018). The Omaha-Council Bluffs-Fremont, NE-IA Combined Statistical Area (CSA) encompasses the Omaha-Council Bluffs MSA as well as the separate Fremont, NE Micropolitan Statistical Area, which consists of the entirety of Dodge County, Nebraska. The total population of the CSA was 970,023 based on 2017 estimates. Approximately 1.3 million people reside within the Greater Omaha area, within a 50 mi (80 km) radius of Downtown Omaha.
According to USA Today, Omaha ranks eighth among the nation’s 50 largest cities in both percapita billionaires and Fortune 500 companies. With diversification in several industries, including banking, insurance, telecommunications, architecture/construction, and transportation, Omaha’s economy has grown dramatically since the early 1990s. In 2001 Newsweek identified Omaha as one of the top 10 high-tech havens in the nation. Six national fiber optic networks converge in Omaha.
Omaha’s most prominent businessman is Warren Buffett, nicknamed the “Oracle of Omaha”, who is regularly ranked one of the richest people in the world. Four Omaha-based companies: Berkshire Hathaway, Union Pacific Railroad, Mutual of Omaha, and Kiewit Corporation, are among the Fortune 500.
Omaha is the headquarters of several other major corporations, including the Gallup Organization, TD Ameritrade, Werner Enterprises, First National Bank, Gavilon, Scoular and First Comp Insurance. Many other large national firms have major operations or operational headquarters in Omaha, including Bank of the West, First Data, Sojern, PayPal, LinkedIn, Pacific Life, MetLife and Conagra Brands.
Demographic data © CoStar 2021
CONFIDENTIALITY AGREEMENT
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.
Commercial Disclaimer
STRIVE hereby advises all prospective purchasers of commercial property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.
Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker ’s own interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer ’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller ’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and
• buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
ӽ that the owner will accept a price less than the written asking price;
ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.