1235 N 1St St, Hamilton, MT 59840
- Outlet malls
- 60,666 SF
- 5.03 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 1235 N 1St St
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 5.03 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 13-1467-24-1-03-11-0000
- APU
- 13146724103110000
Description
This exceptional investment opportunity presents the Bitterroot Valley Shopping Center, a 61,120 square foot retail center located at 1235 N 1st St, Hamilton, MT 59840. The property sits on a 6.71-acre lot and comprises two buildings: a 57,759 square foot former Kmart and a 3,340 square foot US Bank branch. Both tenants recently exercised options to extend their leases, ensuring 100% occupancy. The center boasts a strong NOI of $338,896, resulting in an 8.00% cap rate, and is offered at an asking price of $4,000,000 ($65.45/sq ft). Built in 1988, the property benefits from its location on Highway 93 (N. 1st Street), experiencing a high traffic count of 18,360 AADT. The property includes additional developable land adjacent to the former Kmart, offering potential for approximately 16,000 square feet of future retail space. The adjacent Albertson's recently purchased additional land for expansion, further enhancing the center's long-term prospects. This is a core+ investment with a NNN lease structure. The property is strategically positioned in Ravalli County, Montana, offering a compelling combination of strong tenancy, high traffic visibility, and significant future development potential.
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Location Insight
- Map
- Local Demand
- City
- Hamilton
- County
- Ravalli
- State
- Montana
- Longitude
- -114.159
- Latitude
- 46.2613
