Current Use by Public Records
- Retail properties & Spaces
Property Details for 1305 Hwy 2
- Year built
- 2016
- Lot size
- 3.11 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a 14,000-square-foot Fuel Fitness center in Kalispell, Montana. The property boasts a strong 8-year absolute net lease, providing secure passive income with no landlord responsibilities. Built in 2016, the fitness center features high-quality finishes and enjoys 100% occupancy. The current annual net operating income (NOI) is $241,800, yielding a 6.75% cap rate, projected to increase to 6.92% in 2026. The asking price is $3,582,222, translating to $255.87 per square foot. Situated on a 3.11-acre lot, the property includes over an acre of developable land, offering significant value-add potential. Its prime location directly on US Highway 2 (16,000+ vehicles per day) and near US Highway 93 (21,000+ vehicles per day) ensures high visibility and accessibility. The surrounding area demonstrates robust population growth, exceeding 24% since 2010 within a 5-mile radius, with average household incomes surpassing $72,000. Rent bumps of $500 per month are scheduled for year 10. This property offers a compelling combination of secure income, development potential, and location in a thriving market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Kalispell
- County
- Flathead
- State
- Montana
- Longitude
- -114.336
- Latitude
- 48.1991
