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1627 Dickie Rd, Unit Billings Billings, MT 59101

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For Sale
$938,125

Industrial building with new lease and income potential.

Property size:
9 SF

Property Features for 1627 Dickie Rd

General Information

Size
9 SF

Building Details

Year built
1950
Source: Cbcworldwide

Listing Agent: Nathan Matelich

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Leased Industrial Investment Property

This industrial investment property, located at 1627 Dickie Rd, Billings, MT, is available for sale. The property features a 9,420 square foot industrial building situated on 1.51 acres of land. Constructed in 1950 and renovated in 2025, the property is currently under a triple net lease. The new 5-year lease includes 2.5% escalators, resulting in an 8% cap rate and a net operating income (NOI) of $75,050 per year. The property also includes two mobile home pad sites, each generating $400 per month in income, leased by BevCo Countertops, who own the mobile homes. The infrastructure for these mobile home spaces was added in 1985. Under the triple net lease, BevCo is responsible for 100% of interior maintenance and all maintenance on the mobile homes. The landlord's responsibilities are limited to the roof, exterior walls, and foundation.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bevco Countertops Countertop Store

Suggested Use

Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Department Store Kitchen & Bath Accounting Firm Discount Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Billings
County
Yellowstone
State
Montana
Longitude
-108.3827043
Latitude
45.8270865

FAQs

What type of property is this?
Industrial property - Industrial building with new lease and income potential.
Where is this industrial property located?
The property is located at 1627 Dickie Rd, Unit Billings Billings, MT.
What is the asking price?
The asking price for this property is $938,125.
What are key features of this property?
This property features: - 8% Cap Rate; - New 5 Year Triple Net Lease with 2.5% Escalators; - NOI = $75,050/yr
More about this property
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