1627 Dickie Rd, Unit Billings Billings, MT 59101
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
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.3827043
- Latitude
- 45.8270865
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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