Papillion, NE - Starbucks
$2,620,967
108 Scott Road, Papillion, NE 68046
6.2
Cap Rate
162,500
NOI
Details:
Description:
Starbucks is strategically located along Washington Street with clear visibility and access to an average of 17,700 vehicles passing by daily. The property also benefits from nearby access onto State Highway 370 with 31,100 vehicles, making it a centralized location with easy access. Starbucks is ideally situated within a dense retail trade area and is near Shadow Lake Towne Center (796K+ SF), Settler’s Creek Marketplace (239K+ SF), Shoppes at Market Pointe (518K+ SF), and other major shopping centers. The nearby retail tenants include Hy-Vee, Target, Home Depot, Walmart Supercenter, Lowe’s, Kohl’s, HomeGoods, ALDI, Sam’s Club, and others. The strong tenant presence drives a steady stream of loyal, local consumers to the trade area, promoting crossover exposure and contributing to the economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Monarch Villa (76 units), The Parker (182 units), Gold Coast Square (278 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 132,400 residents and 54,900 daytime employees with an affluent average household income of $118,828.
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