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ABELARDO’S – ELKHORN, NE 811 N 205th St 3,507 SF Retail Building Elkhorn, NE 68022 $2,135,931 CAD ($609.05 CAD/SF) 6.25% Cap Rate
Investment Highlights
- CORPORATE LONG-TERM LEASE: 14 years remaining on initial 15-year NN* lease with attractive 10% rental escalations every 5 years!
- PAD SITE | TRAFFIC COUNTS: Pad site to Menards - just off a signalized hard corner of N 204th St (main north/ south artery) & Cumberland Dr
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 124,620 | Average Household Income (1MI): $204,594
- TENANT | PERSONAL GUARANTY: Abelardo’s Mexican Food, LLC owns & operates ±70 restaurants in NE, IA, MO, KS, OS, IL & MN
- STRONG INTRINSIC VALUE: Priced below replacement cost in RARE West Omaha location!
- LOW UNEMPLOYMENT RATE (DEC. 2025): According to the Bureau of Labor Statistics, Nebraska reported a 3% unemployment rate, ranking #5 lowest in nation
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,507 SF
Building Class
C
Year Built/Renovated
2015/2025
Price
$2,135,931 CAD
Price Per SF
$609.05 CAD
Cap Rate
6.25%
NOI
$133,496 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.78 AC
Zoning
C
Frontage
168’ on North 205th Street
Amenities
- Restaurant
- Signage
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Abelardos
- Accommodation and Food Services
- 3,507 SF
- -
- Double Net
- Feb 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Abelardos | Accommodation and Food Services | 3,507 SF | - | Double Net | Feb 2040 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3944-1004-17 | Improvements Assessment | $1,971,147 CAD |
| Land Assessment | $330,402 CAD | Total Assessment | $2,301,549 CAD |
Property Taxes
Parcel Number
3944-1004-17
Land Assessment
$330,402 CAD
Improvements Assessment
$1,971,147 CAD
Total Assessment
$2,301,549 CAD
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ABELARDO’S – ELKHORN, NE | 811 N 205th St
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