Walmart-Shadowed Strip Center | 88% Occupied | 2005 Built

$250,000 Starting Bid

Auctioneer: Richard Shawn Terrel

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: BK#: 20240663

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Lexington Place is a ±12,260-square-foot Walmart shadow-anchored retail center located at 210 Frontier Street in Lexington, Nebraska (the “Property”). Built in 2005 on ±1.28 acres, the Property includes 67 parking spaces, pylon signage, two access points, and a modern five-suite configuration. The center is approximately 88% occupied based on a stated ±1,400-square-foot vacancy, with in-place tenants including Anytime Fitness, Lei Garden, Blooming Tree, and Heartland Laundry. Existing leases are structured on a triple-net basis with contractual rent increases and an approximately four-year weighted average lease term, supporting predictable cash flow and a projected NOI of approximately $102,635. Lexington Place sits directly adjacent to the only Walmart within a 40-mile radius, creating destination-oriented retail traffic and strong cross-shopping potential. Plum Creek Pkwy carries approximately 12,884 VPD, while nearby I-80 carries more than 18,500 VPD and provides regional access throughout central Nebraska. Within one mile, average household income is approximately $91,815. The vacant suite provides immediate lease-up upside while the existing tenant base and Walmart shadow anchor support continued income stability. Walmart Shadow-Anchored Retail Center: 12,260 SF center sits beside the only Walmart within 40 miles, driving destination traffic. NNN Income with Contractual Rent Growth: Four occupied suites feature net recoveries, annual increases, and approximately four-year WALT. Value-Add Lease-Up Opportunity in Place: One ±1,400 SF vacancy creates immediate upside while preserving diversified in-place income. Direct Access to I-80 Regional Corridor: Plum Creek Pkwy connects quickly to I-80 at ±18,500 VPD, supporting regional accessibility.

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