REIT Sale | Former Burger King | Omaha MSA | $104K Avg HH Income

Highlights:

• Freestanding Former Burger King with Drive-Thru on 0.82-AC Parcel available at Significant Discount Below Replacement Cost
• ±5,802 VPD Traffic Counts at Hard Corner of N Chestnut St and W 4th St | 1-Mi to US-77 (7,940 VPD)
• Nearby National Retailers: Dollar General, Family Dollar, Subway, Wahoo State Bank, Union Bank & Trust, Dairy Queen, Pizza Hut, and more
• Attractive Demographics with Annual Household Income of ±$104,673 (5-Mile)
• Zoned C-1, Downtown Commercial District with a Variety of Permitted Uses
• First Bank of Nebraska ATM on site (supposed separate agreement between former tenant and bank, seller has not seen agreement and likely will not be in possession of proof)

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2977/reit-sale-former-burger-king-omaha-msa-104k-avg-hh-income?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2977


Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 354 North Chestnut Street in Wahoo, Saunders County, Nebraska 68066 (the “Property”). Formerly occupied by Burger King, the Property is being offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a highly visible retail asset at an attractive basis. FIRST BID MEETS RESERVE!

Constructed in 1990, the Property consists of a ±4,104 SF, single-story, second-generation restaurant building with an existing drive-thru, situated on a ±0.817-acre parcel (±35,576 SF). The site includes a concrete surface parking lot with 38 on-site spaces and is positioned on a hard corner with frontage along three roads. Multiple points of ingress and egress, including access from each frontage street, enhance circulation, visibility, and ease of access. The Property benefits from ±265 feet of frontage along N Chestnut Street, a primary retail and commuter corridor carrying 5,800+ vehicles per day, providing consistent traffic exposure. Located less than 1-mi from US-77, which carries ±7,940 vehicles per day, the site offers convenient regional connectivity within a well-established daily-needs retail corridor. Leased to Burger King on a triple-net (NNN) basis through March 2026, the asset presents a value-add opportunity through re-tenanting at prevailing market rents with CoStar estimating retail rental rates of $13–$16/SF NNN. An existing First Bank of Nebraska ATM is located on the Property. It is believed there may be a separate agreement between the former tenant and First Bank of Nebraska; however, the seller does not possess a copy of such agreement, and it does not appear on the current title report. Zoned C-1, Downtown Commercial District, the site permits a broad range of retail, restaurant, and service-oriented uses, enhancing long-term flexibility, redevelopment potential, and overall appeal.

The Property is located in Wahoo, Nebraska, the county seat of Saunders County and part of the greater Omaha–Lincoln regional corridor. Positioned within Wahoo’s established commercial district, the site benefits from strong local visibility and consistent daily traffic flow along the community’s primary retail corridor. Located less than ±1-mi from US-77, the Property offers convenient regional connectivity to Fremont (±20-mi), Lincoln (±30-mi), and the broader Omaha metropolitan area (±45-mi). Wahoo serves as a regional hub for government, healthcare, education, and agriculture-based employment within Saunders County. Nearby demand drivers include Saunders Medical Center, Wahoo Public Schools, Bishop Neumann High School, Saunders County Jail, and the Saunders County Courthouse, each generating steady weekday traffic and reinforcing the Property’s neighborhood-serving appeal. Positioned just outside of downtown Wahoo, the Property benefits from strong accessibility and a pedestrian-friendly setting, reflected by a Walk Score® of 74, categorized as “Very Walkable,” supporting its identity as a centrally located convenience-oriented retail site. The surrounding trade area includes ±6,309 residents within a ±5-mi radius, with an average household income exceeding $104,000, supporting stable local retail demand. Wahoo’s proximity to Lincoln and Omaha provides access to a combined metropolitan population exceeding 1 million residents while maintaining the advantages of a smaller, supply-constrained community retail market.


Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: BK#: 20240663
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: