Log In/Sign Up
Your email has been sent.
Meadows Plaza 2 Retail Properties Offered at $7,676,164 CAD in Norfolk, NE
INVESTMENT HIGHLIGHTS
- Newly constructed retail center with a diverse and performing tenant mix in Norfolk's primary retail corridor.
- Originally constructed in 2017 with a wealth of modern features, including attractive masonry facades, a parking lot, and prominent signage.
- Located off US-275, offering exposure to over 13,800 passing vehicles daily, minutes from the Sunset Plaza Mall and many national retailers.
- Growing local population of over 28,000 within five miles, providing spending of over $296 million on retail during 2022.
EXECUTIVE SUMMARY
Discover the rare opportunity to acquire a newly constructed retail center with a prime location and diverse tenant mix at 2106-2108 Taylor Avenue, the Meadows Plaza.
The Plaza comprises 18,050 square feet of retail and office spaces initially built across a 1.78-acre lot in 2017, currently offering attractive masonry facades, a high-volume 108-space surface parking lot, outdoor green spaces, and prominent and highly visible signage. Ideal modern facilities and a well-connected location make the center a sought-after home for a wide variety of retail and office tenants, including Shelter Insurance, Jacobsen Therapy Services, and Miracle-Ear Hearing Aid Center. The center is approximately 60% leased, providing a strong opportunity for a value-add investor to lease the remaining spaces and capture growing local retail rents. 10% CAP RATE.
The center sits in the heart of Norfolk, the ninth-largest city in the state and the principal retail center of northeastern Nebraska, with connectivity to Omaha, Lincoln, Grand Island, and Sioux City. The promising retail center sits off US-275, the main thoroughfare of Norfolk, offering exposure to over 13,800 passing vehicles daily. The area sees heavy traffic due to local demand drivers such as the Sunset Plaza Mall and the Faith Regional Health Services campus, a nonprofit health care provider with over 1,300 employees, as well as a high concentration of national retailers including Walmart, Menard’s, Dollar Tree, Tractor Supply Co., Advanced Auto Parts, Anytime Fitness, and Target.
2106-2108 Taylor Avenue benefits from a robust demographic profile within five miles of the center, including a growing population of over 28,000, daytime employment of over 21,220, and an impressive consumer spend of over $327 million during 2022, with $296 million spent in retail. This stable workforce, customer base, and a recently constructed asset with a strong tenant mix make Norfolk the perfect place for a new investment.
The Plaza comprises 18,050 square feet of retail and office spaces initially built across a 1.78-acre lot in 2017, currently offering attractive masonry facades, a high-volume 108-space surface parking lot, outdoor green spaces, and prominent and highly visible signage. Ideal modern facilities and a well-connected location make the center a sought-after home for a wide variety of retail and office tenants, including Shelter Insurance, Jacobsen Therapy Services, and Miracle-Ear Hearing Aid Center. The center is approximately 60% leased, providing a strong opportunity for a value-add investor to lease the remaining spaces and capture growing local retail rents. 10% CAP RATE.
The center sits in the heart of Norfolk, the ninth-largest city in the state and the principal retail center of northeastern Nebraska, with connectivity to Omaha, Lincoln, Grand Island, and Sioux City. The promising retail center sits off US-275, the main thoroughfare of Norfolk, offering exposure to over 13,800 passing vehicles daily. The area sees heavy traffic due to local demand drivers such as the Sunset Plaza Mall and the Faith Regional Health Services campus, a nonprofit health care provider with over 1,300 employees, as well as a high concentration of national retailers including Walmart, Menard’s, Dollar Tree, Tractor Supply Co., Advanced Auto Parts, Anytime Fitness, and Target.
2106-2108 Taylor Avenue benefits from a robust demographic profile within five miles of the center, including a growing population of over 28,000, daytime employment of over 21,220, and an impressive consumer spend of over $327 million during 2022, with $296 million spent in retail. This stable workforce, customer base, and a recently constructed asset with a strong tenant mix make Norfolk the perfect place for a new investment.
PROPERTY FACTS
| Price | $7,676,164 CAD | Number of Properties | 2 |
| Price / SF | $425.27 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 18,050 SF |
| Status | Active | Total Land Area | 2.62 AC |
| Price | $7,676,164 CAD |
| Price / SF | $425.27 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,050 SF |
| Total Land Area | 2.62 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Meadows Plaza
2108 Taylor Ave, Norfolk, NE 68701 |
Retail | 10,200 SF | 2017 | - |
|
Meadows Plaza
2106 Taylor Ave, Norfolk, NE 68701 |
Retail | 7,850 SF | 2017 | - |
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Meadows Plaza
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.