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Marcus & Millichap brokered the sale of a net-leased Family Fare supermarket in Omaha

Marcus & Millichap Closes Sale of Net-Leased Omaha Supermarket

Marcus & Millichap arranged the sale of Family Fare Supermarket, a 65,413-square-foot net-leased property located in Omaha. The asset sold for $4,627,969 to an undisclosed buyer. 

Brennan Clegg, Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, marketed the property on behalf of the seller, a limited liability company. Jon Ruzicka,  broker, assisted in closing this transaction. 

“In recent years, investors have had a strong appetite for grocery assets,” said Clegg. “This particular grocery property offered a long-term intrinsic value component due to its location and below market rent factor.” 

Located at 5110 S 108th St. in Omaha, the Family Fare is part of a supermarket chain with more than 80 locations in seven states. Its parent company is Grand Rapids, MI-based SpartanNash. 

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Inside The Story

Marcus & Millichap's Clegg

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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