1100 Roosevelt Hwy Shelby, MT 59474-1814

Property Details for 1100 Roosevelt Hwy

Year built

1982

Construction

WOOD

Lot size

0.71 lot acres

Property size

2,876 SF

Zone code

1

Property type

Drive through restaurants

APN

21-4424-21-4-15-01-0000

APU

21442421415010000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1100 Roosevelt Hwy, Shelby, MT 59474. The property boasts a 2,098 square foot building situated on a 0.78-acre lot, constructed in 1982 and renovated in 2005. Currently operating at 100% occupancy, this established restaurant benefits from a strong lease with 14.7 years remaining, featuring 1.50% annual rent increases. The asking price is $831,000, representing a compelling $396.09 per square foot and a 6.50% cap rate, with a current Net Operating Income (NOI) of $53,991. The property's strategic location offers significant advantages, including close proximity to the I-15 on/off ramp and its placement within a dense retail corridor. Further enhancing its appeal is the inclusion of a drive-thru, catering to the convenience of customers. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant long-term growth potential. The property consists of one, single-story building. This is an absolute NNN lease, minimizing landlord responsibilities.