3809 Twin Creek Dr - Restaurant FOR SALE


Bellevue, NE 68123
$50,000 USD
303-328-2050
3809 Twin Creek Dr, Bellevue, NE for Sale
$50,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

3809 Twin Creek Dr
Bellevue, NE 68123


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Village Inn Restaurant | Target Outparcel | 32K VPD | 1.59 AC | Omaha MSA | AUCTION MARCH 2-4
  • Freestanding Former Village Inn Restaurant on 1.59 AC Outparcel to Target Anchored Retail Plaza
  • ±32,175 VPD Traffic Count with Highway Frontage and Visibility on State Hwy 370
  • 5% Population Growth from 2020-2024 and 8.13% Future Growth Projected from 2024-2029 (3-Mile)
  • Nearby National Retailers: Target, Baker’s, McDonald’s, Wells Fargo, Culver’s, Dunkin, Great Clips, Scooter’s Coffee, Godfather’s Pizza, Massage Envy
  • Traffic Drivers: Northrop Grumman, Nebraska Medicine (4-mi), Downtown Omaha (15-min), Offutt Air Force Base (4-mi), Navy Federal Credit Union

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

Commercial

APN/PARCEL ID

011584749

ASK ABOUT THIS PROPERTY

Adam LewisMarcus & MillichapMore Info
303-328-2050

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Adam LewisMarcus & MillichapMore Info
303-328-2050

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