Former Kmart Center- Huge Development Upside Former Kmart Center

Investment Highlights

Huge Value-Add Former Kmart Shopping Center Redevelopment Site - Plus 2 Outparcel PADS Scottsbluff is Regional Hub for Business/Employment/Industry/Retail Trade/Tourism in West NE Strategically Surrounded by all Major Retail - Adjacent to Uptown Scottsbluff Mall/W NE College Main Retail Trade Corridor with Tremendous Highway Visibility - Large 9.3 Acre Hard Corner Well Below Replacement Cost plus Necessary Improvement Costs - Break-up Strategy for PADS

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to present to investors and developers an opportunity to purchase a former BIG Kmart anchored shopping center (100% vacant) in Scottsbluff, NE. The subject property comprises a 109,454 SF building and two parcels totaling 9.30 acres strategically positioned on the hard corner of E 27th Street (11,845 VPD) and Frontage Road and is directly adjacent to the Heartland Expressway (U.S. Route 26) which sees over 12,000 VPD. Currently zoned PBC (planned business center), significant valuecan be created through redevelopment or lease up. This would be an excellent candidate for self-storage conversion, industrial use, residential redevelopment, or development of outparcel/pad sites.The Uptown Scottsbluff area has numerous retailers nearby including Walmart Supercenter, Target, The Home Depot, Menard?s, Hobby Lobby, Walgreens, McDonald?s, Culver?s, Taco Bell, KFC, Harbor Freight, AutoZone, and more. Directly neighboring the subject property, Uptown Scottsbluff (formerly Monument Mall) is currently undergoing a revitalization which is expected to significantly increase traffic and encourage cross shopping synergies. Additionally, several schools surround the property including Western Nebraska Community College, Scottsbluff Senior High School, and Bluffs Middle School which have a combined enrollment surpassing 4,200 students.This is a great value add opportunity for investors or developers seeking a prominent location in Scottsbluff, NE with excellent potential.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Supermarket Supermarket General Retail Convenience Store General Retail Fast Food General Retail Freestanding Supermarket
• Building Size    109,454
• Building Class    B
• Year Built    1979
• Price    3,250,000
• Price Per SF    30
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.27
• Land Acres    9.30 AC