January 18, 2023 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a Brakes Plus in Omaha, Nebraska. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,310,000.
Brakes Plus is located at 17909 Barker Court in Omaha, Nebraska. The Property contains a new construction stand-alone building with 4,897 square feet on 0.72-acres of land. Brakes Plus has 19 years remaining on an Absolute NNN Lease with four (4), 5-Year Renewal Option. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each of the 5-year renewal options. Brakes Plus is well positioned along Barker Court with outstanding visibility and frontage along Pacific Street. The Property is a pad site to a Hy-Vee Grocery Store and is surrounded by newer high-end residential neighborhoods, creating a built-in customer base. Additionally, the Property is located in between the area’s two primary commercial and commuter corridors, US Route 275 and US Route 6. US Route 6 is home to Village Point, an open-air lifestyle center with more than 50 retailers and restaurants, and US Route 275 is home to numerous national retailers including Target and Walmart Supercenter that drive significant traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.