1429 M St - Drug Store FOR SALE


Ord, NE 68862
$1,549,000 USD
402-879-8846
1429 M St, Ord, NE for Sale
$1,549,000 USD
Drug Store - FOR SALE
1/25
null | 7.1% Cap Rate

1429 M St
Ord, NE 68862


HIGHLIGHTS

  • Prime downtown location with drive-thru access and signage
  • Trusted pharmacy brand with loyal customer base since 1971
  • Retail space features Nebraska artisan goods and baby items
  • Zoned Commercial with ADA access and 8+ customer parking spots

OVERVIEW

Set on a prime 7,605 sq. ft. lot, this turnkey pharmacy boasts a strong local brand and a loyal customer base. Features include a spacious retail area, drive-thru access, and upgraded mechanicals. Located near recreational lakes and rivers, it offers growth potential and vibrant community engagement. Turnkey independent pharmacy with retail space and real estate included. Established in 1971, Anderson Pharmacy offers a trusted local brand, strong customer base, and prime downtown location with drive-thru access. Building improvements, equipment, and included assets make this a ready-to-operate opportunity. The property sits on a 7,605 sq. ft. lot in Valley County with 65’ frontage and 117’ depth. Conveniently located just off the town square, it features excellent visibility with a front road sign, ADA accessibility, and customer parking (8+ spots). The parcel is zoned Commercial, with assessed property taxes of approximately $2,443 annually. The main building is a 7,150 sq. ft., constructed in 1912 with 12’ ceilings (9’ 9” to drop) and upgraded mechanicals, including two furnaces (nat. gas) and two central A/C units replaced in 2007, air cleaners installed in 2019, plus roof replaced in 2024. Layout highlights a 9’ x 10’ entryway, a retail sales floor (4740 sq ft) currently featuring cards, home goods including several Nebraska artisans, baby/kid gift items and books, OTC’s, pharmacy section, and drive-thru window. Equipment included in the sale ranges from POS systems, dispensing robot (ScriptPro CRS-150), refrigerator, freezer, vault, photo kiosks (2020 & 2021), computers, and pharmacy software. The owners purchased the pharmacy in 1998. The retail store operated as a Hallmark Gold Crown store for over 20 years. Around 2022, the owners decided to let that contract go, allowing them to open up their retail space to feature more local Nebraska artisans and their goods. It also allowed to bring in a great selection of baby/kid items that is not found anywhere else in town. Coined “The Great Lakes Region of Central Nebraska”. Here you can access five incredible lakes and reservoirs, all within 45 minutes of Ord as well as four major rivers that are perfect for kayaking, tubing and tanking adventures. Don’t have the equipment? Contact Davis Creek Camper & Recreation Rental or River Bro Kayaking and they’ll hook you up. Owners are ready to retire! Anderson Pharmacy operates Monday–Friday, 8:30 AM–5:30 PM, plus Saturday mornings. The business is supported by long-term staff (5 FT, 4 PT) and utilizes Cardinal Health as the primary wholesaler and AlignRx as PSAO. Services include prescription dispensing, OTC, photo printing, and retail goods. The pharmacy maintains a strong market reputation with 4.5-star Google reviews, reliable cash flow, a 7.1% cap rate (including the owner’s salary into the NOI) and growth potential through expanded retail or health service offerings and capitalizing on drive-thru space. FF & E will convey (except for a few antiques and one computer identified by owner). Financials available upon request. All information is from 3rd parties or Sellers and is deemed reliable but is not guaranteed and may be subject to errors and omissions, all buyers and buyers’ agents must independently verify all information to their satisfaction. Inventory will be counted at closing and is separate from the asking price.

FOR SALE DETAILS

PRICE

$1,549,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Anderson Pharmacy-Business and Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

03-COMMERC

APN/PARCEL ID

880021161

ASK ABOUT THIS PROPERTY

Mattison FerenceHayden Outdoors Real EstateMore Info
402-879-8846

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Mattison FerenceHayden Outdoors Real EstateMore Info
402-879-8846

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.