567 Us-93 Eureka, MT 59917
- Retail properties
- 10,640 SF
- 1.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 567 Us-93
- Year built
- 2023
- Lot size
- 1.98 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,640 square foot Dollar General store, built in 2023, situated on a 1.976-acre lot at 567 US-93, Eureka, MT 59917. The property boasts a 15-year absolute NNN lease commencing September 15, 2023, and expiring September 30, 2038, with a remaining term of 14 years. The lease includes a 5% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $134,052, yielding a 6.25% cap rate on the asking price of $2,145,000. The tenant, Dollar General Corporation (NYSE: DG), is investment-grade credit rated and provides a full corporate guarantee. This single-tenant property benefits from its location on US Route 93, a major thoroughfare with high daily traffic volume (6,723 vehicles per day), and its proximity to the US/Canada border and Banff National Park. The store features Dollar General's large-format model and ample parking (50 stalls). This is a 1031 exchange eligible property. Projected growth in the area further enhances the investment potential. The property is a high-quality, upgraded construction, representing a secure and profitable investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Lincoln
- State
- Montana
- Longitude
- -115.058
- Latitude
- 48.8911