1235 1St St Hamilton, MT 59840
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Montana Retail Center - High Occupancy
Property size:
61,120 SFProperty Features for 1235 1St St
General Information
- Property type
- Lifestyle centers
- Square Feet
- 61,120 SF
- Lot Size
- 292,288 SF
Building Details
- Year Built
- 1988
- Buildings
- 2
Listing Agency: NAI Business Properties Listing Agent: Michael Walker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents the Bitterroot Valley Shopping Center, a 61,120 square foot retail center located at 1235 N 1st St, Hamilton, MT 59840. The property sits on a 6.71-acre lot and comprises two buildings: a 57,759 square foot former Kmart and a 3,340 square foot US Bank branch. Both tenants recently exercised options to extend their leases, ensuring 100% occupancy. The center boasts a strong NOI of $338,896, resulting in an 8.00% cap rate, and is offered at an asking price of $4,000,000 ($65.45/sq ft). Built in 1988, the property benefits from its location on Highway 93 (N. 1st Street), experiencing a high traffic count of 18,360 AADT. The property includes additional developable land adjacent to the former Kmart, offering potential for approximately 16,000 square feet of future retail space. The adjacent Albertson's recently purchased additional land for expansion, further enhancing the center's long-term prospects. This is a core+ investment with a NNN lease structure. The property is strategically positioned in Ravalli County, Montana, offering a compelling combination of strong tenancy, high traffic visibility, and significant future development potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Lifestyle centers
Location Insight
- Map
- Local Demand
- City
- Hamilton
- County
- Ravalli
- State
- Montana
- Longitude
- -114.159313
- Latitude
- 46.261542
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FAQs
What type of property is this?
Lifestyle center - Montana Retail Center - High Occupancy
Where is this lifestyle center located?
The property is located at 1235 1St St Hamilton, MT.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Kmart and Albertsons anchored shopping center.; Kmart and US Bank have recently extended their leases.; High traffic count of 18,360 AADT on Highway 93 (N. 1st Street).
