221 Wilmar Ave - Storefront FOR SALE


Grand Island, NE 68803
$6,636,000 USD
310-870-3282
221 Wilmar Ave, Grand Island, NE for Sale
$6,636,000 USD
Storefront - FOR SALE
1/5
null | 7.25% Cap Rate

221 Wilmar Ave
Grand Island, NE 68803


HIGHLIGHTS

  • Exceptionally low rent opportunity of $7 PSF, well below market rent (approximately $12 PSF according to CoStar).
  • Limited competition, with no other Kohl’s within a 42-mile radius.
  • Strong performer, as the Grand Island location ranked in the 72nd percentile in 2025 (per Alphamaps.com).
  • Attractive lease structure, with 9 years remaining on a landlord-friendly Absolute Net (NNN) Lease and a secure corporate guarantee.
  • Strategically located, shadow-anchored by a dominant-performing Hy-Vee grocery store, a top-five grocery store in the state of Nebraska.
  • Smaller footprint location of 68,724 SF, easier to backfill in the unlikely event of Kohl’s departing.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$6,636,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kohl's - Grand Island, NE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.28 AC

LAND SF

317,117 SF

ZONING

03-COMMERC

APN/PARCEL ID

400424266

ASK ABOUT THIS PROPERTY

Chris SandsSands Investment GroupMore Info
310-870-3282

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Chris SandsSands Investment GroupMore Info
310-870-3282

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