Bellevue Retail for Sale - Southeast Omaha
Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 3809 Twin Creek Drive in Bellevue, Nebraska 68123 (the “Property”). Formerly occupied by Village Inn Restaurant, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!
Built in 2005, the Property consists of a ±4,506-SF single-story building situated on an expansive ±1.59-acre parcel (±69,059 SF) with a concrete surface parking lot providing 94 parking spaces. Strategically positioned as an outparcel to Twin Creek Plaza, which is anchored by Target, the site benefits from two points of ingress and egress and dual road frontage, including ±226 feet along Twin Creek Drive and ±230 feet along State Highway 370, which carries ±32,175 vehicles per day (VPD). This positioning just off of S 36th Street (±12,840 VPD) ensures excellent visibility, strong traffic exposure, and convenient access within the greater Omaha metropolitan area. Previously leased to Village Inn Restaurant on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $27-33/SF NNN. Zoned BG, General Business, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.
The Property is located within the greater Omaha metropolitan area in Bellevue, Nebraska, the state’s 2nd largest city, and is strategically positioned along the highly trafficked State Highway 370 corridor within the Twin Creek Plaza retail node. Bellevue benefits from immediate connectivity to I-80 and I-29, providing efficient access to downtown Omaha (±10-mi north), Council Bluffs, Iowa, and the broader Midwest region. The area is supported by strong daily commuter traffic driven by nearby employment centers, including Offutt Air Force Base, one of the region’s largest and most stable employers, Nebraska Medicine Bellevue Health Center (71 beds), and a concentration of healthcare, education, and logistics users throughout Sarpy County and neighboring Douglas County. The surrounding corridor features a mix of national retailers, restaurants, and local service providers, including Target, Baker’s, McDonald’s, Scooter’s Coffee, Taco Bell, Burger King, Jimmy John’s, and nearby hotels and regional shopping centers that generate consistent consumer draw. The Property also benefits from strong residential density and a metropolitan population exceeding 1 million residents, with over 56k residents within a 3-mi radius and nearly 150,000 residents within a 5-mi radius, supported by an average household income (AHHI) above $109,000. Bellevue’s growing population base, stable household incomes, and proximity to Omaha’s core employment and retail corridors reinforce the Property’s long-term viability as a neighborhood-serving retail location with durable traffic patterns and strong re-tenanting fundamentals.
