1210 Hwy 2 Kalispell, MT 59901
- Retail properties
- 3,007 SF
- 0.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1210 Hwy 2
- Year built
- 1983
- Lot size
- 0.80 lot acres
- Property size
- 3,007 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a high-performing Arby's restaurant located at 1210 U.S. Hwy 2 W in Kalispell, Montana. The property boasts 3,007 square feet on a 0.8-acre lot, situated in a vibrant retail corridor near Gateway, Westbrook Square, and Kalispell Center Malls. A new 20-year absolute NNN sale-leaseback agreement with AES Restaurants is in place, commencing with an annual base rent of $174,892 and featuring 10% rent escalations every five years throughout the initial term and four, five-year renewal options. The property's strong NOI of $174,892 yields a 5.50% cap rate, reflecting a compelling return on investment. Built in 1983, this single-story building benefits from a 100% occupancy rate and is zoned for commercial use. The property's prime location, coupled with the long-term lease and built-in rent increases, provides a stable and attractive investment prospect in a thriving Montana market. This is a rare opportunity to acquire a well-established, high-performing QSR property with significant upside potential. The property's location benefits from high traffic counts and proximity to US-93 Alt. Exit Ramp. AES Restaurants, a reputable franchisee operating 188 units, ensures a strong and reliable tenant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kalispell
- County
- Flathead
- State
- Montana
- Longitude
- -114.334
- Latitude
- 48.1996
