Kohl’s – Grand Island, NE

Kohl's
221 Wilmar Avenue, Grand Island, NE, USA

Sands Investment Group is pleased to exclusively offer for sale the 68,724 SF Kohl’s Absolute NNN Asset 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.

  • 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.
  • Well-positioned in a densely populated area, with 51,424 residents within a 5-mile radius, located at the west end-cap of the Grand Corners retail development.

 

In Cooperation With Sands Investment Group Charleston, LLC – Lic. # BoR: Chris Sands – Lic. NE #20200769

 

Kohl's
221 Wilmar Avenue, Grand Island, NE, USA

Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value, and convenience for our customers. Kohl’s is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families’ real moments. Kohl’s serves millions of families in its more than 1,100 stores in 49 states, online at Kohls.com and through the Kohl’s App. With a large national footprint, Kohl’s is committed to making a positive impact in the communities it serves. The first Kohl’s department store opened in Brookfield, Wisconsin, in 1962. Since its founding, Kohl’s has given more than $750 million to support communities nationwide, with a focus on family health and wellness. At Kohl’s, their purpose is to inspire and empower families to lead fulfilled lives. Rewarding customers is at the core of this purpose.

 

Price

$6,635,996

Cap Rate

7.25%

PREMISES

68,724 SF

RENEWAL OPTIONS

6 x 5 Year Options

Lease Expiration

01/31/2035

Lease Type

Absolute NNN

RENTAL INCREASES

5% in the Renewal Periods

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