749 20th W St Billings, MT 59102-6463

Property Details for 749 20th W St

Lot size

1.00 lot acres

Zone code

CI

Property type

Commercial land

APN

03-0927-07-4-01-09-0000

APU

3092707401090000

Description

This exceptional investment opportunity presents a 2,704 square foot, free-standing QSR/fast-food building in Billings, Montana, currently occupied by BW Blacksmith Coffee under a 15-year absolute NNN lease with rent bumps. The property, situated on a 0.78-acre lot and recently renovated in 2023, boasts a strong 6.50% cap rate and a substantial NOI of $121,680. Its prime location on South 20th Street West near King Avenue benefits from high daily traffic volume (49,646 vehicles) and proximity to I-90. The surrounding area features a dense concentration of major retailers including Costco, Walmart, Lowe's, and Home Depot, ensuring significant cross-traffic. Furthermore, its strategic location near Montana State University Billings, City College, and two hospitals creates a diverse and substantial customer base. The presence of eight hotels within a one-mile radius, totaling 709 rooms, provides an additional source of consistent foot traffic. The rapidly growing Billings market, with a population of 94,280 within a five-mile radius and an average annual household income of $85,288, projects further growth, making this a compelling investment opportunity. The tenant, BW Blacksmith Coffee, is a thriving private company with 13 locations across Montana, Georgia, and Florida. This offering is ideal for a 1031 exchange. The asking price is $1,872,000.