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Kohl's - Grand Island, NE 221 Wilmar Ave 68,724 SF Retail Building Grand Island, NE 68803 $9,080,039 CAD ($132.12 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Exceptionally low rent opportunity of $7 PSF, well below market rent (approximately $12 PSF according to CoStar).
- Strong performer, as the Grand Island location ranked in the 72nd percentile in 2025 (per Alphamaps.com).
- Strategically located, shadow-anchored by a dominant-performing Hy-Vee grocery store, a top-five grocery store in the state of Nebraska.
- Limited competition, with no other Kohl’s within a 42-mile radius.
- Attractive lease structure, with 9 years remaining on a landlord-friendly Absolute Net (NNN) Lease and a secure corporate guarantee.
- Smaller footprint location of 68,724 SF, easier to backfill in the unlikely event of Kohl’s departing.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 68,724 SF Kohl’s located at 221 Wilmar Boulevard in Grand Island, Nebraska. The property features exceptionally low rent of approximately $7 PSF, well below the market average of $12 PSF per CoStar, along with a landlord-friendly Absolute Net (NNN) Lease with approximately 9 years remaining, backed by a secure corporate guarantee, creating a strong and stable investment opportunity.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. # BoR: Chris Sands - Lic. NE #20200769
In Cooperation With Sands Investment Group Charleston, LLC - Lic. # BoR: Chris Sands - Lic. NE #20200769
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
68,724 SF
Building Class
B
Year Built
2005
Price
$9,080,039 CAD
Price Per SF
$132.12 CAD
Cap Rate
7.25%
NOI
$658,255 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
7.28 AC
Zoning
03-COMMERC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Kohl's
- Retailer
- 68,724 SF
- $9.58 CAD
- Jan 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kohl's | Retailer | 68,724 SF | $9.58 CAD | Jan 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 400424266 | Improvements Assessment | $3,408,881 CAD |
| Land Assessment | $2,002,380 CAD | Total Assessment | $5,411,261 CAD |
Property Taxes
Parcel Number
400424266
Land Assessment
$2,002,380 CAD
Improvements Assessment
$3,408,881 CAD
Total Assessment
$5,411,261 CAD
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Kohl's - Grand Island, NE | 221 Wilmar Ave
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