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221 Wilmar Ave
Grand Island, NE 68803

$6,636,000 USD

Storefront For Sale  •  68,725 SF

Property Details

• Property Type Storefront
• Total Building Size 68,724 SF
• Lot Size 7.28 AC
• Building Class B
• Year Built 2005
• Cap Rate 7.25 %
• Tenancy Single
• Zoning 03-COMMERC

0 Transit Score

56 Walk Score

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.

Cap Rate:

7.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Kohl's	68,724 SF	1/31/2035

Public Transportation

Airport	Drive	Walk	Distance
Central Nebraska Regional	13 min	-	7.2 mi