3025-3033 Paxson St Missoula, MT 59801

This exceptional 55,143-square-foot shopping center in Missoula, Montana, presents a compelling core-plus investment opportunity. Strategically located across from Scheels, a leading sporting goods retailer, and shadow-anchored by the Southgate Mall, this property boasts a prime location within a thriving commercial and medical hub. The center is 100% occupied by a diverse tenant mix, including Providence Health Services, a major healthcare provider with a recently signed 10-year lease for 21,691 square feet, and Do It Best, a prominent home improvement cooperative, also under a new 10-year lease encompassing 15,954 square feet of indoor space plus an additional 9,269 square feet of outdoor space. Cost Plus World Market, a significant tenant, recently extended its lease for five years. The weighted average lease term (WALT) stands at a strong 8.8 years, providing excellent long-term stability. The property sits on a 4.9-acre lot and operates under a triple-net (NNN) lease structure. This investment offers a rare combination of strong tenancy, a desirable location, and a long-term lease profile, making it an attractive addition to any portfolio. The Southgate Mall's extensive trade area, spanning over 540 square miles, further underscores the property's exceptional market position. Providence Health Services' investment-grade credit rating ("A" from Fitch Ratings) adds another layer of security to this investment. The current rental rates vary, with Cost Plus World Market currently paying below-market rent, while Providence Medical and Do It Best pay an average of $18.88 per square foot.