1518 10th S Ave Great Falls, MT 59405-2626
- Drive through restaurants
- 4,189 SF
- 0.60 lot acres
Sep 19, 2024
Current Use by Public Records
- Wing Street / Takeout Restaurant / Restaurant
- Pizza Hut / Pizza Takeout / Pizza Delivery
Property Details for 1518 10th S Ave
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 0.60 lot acres
- Property size
- 4,189 SF
- Property type
- Drive through restaurants
- APN
- 02-3016-18-2-36-10-0000
- APU
- 2301618236100000
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1518 10th Ave S in Great Falls, Montana. The property boasts a substantial 4,574 square feet on a 0.6-acre lot, built in 2010. Currently operating at 100% occupancy, the lease features a strong 15-year remaining term with attractive 1.50% annual rent increases, ensuring consistent and growing income. The property's Net Operating Income (NOI) stands at $65,611, yielding a compelling 6.50% cap rate. The asking price is $1,009,000, translating to a price per square foot of $220.59. This is a single-story building representing a low-maintenance, passive income investment with a nationally recognized brand tenant. The property's location in Great Falls, Cascade County, Montana (zip code 59405) offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a stable, high-return investment with a long-term lease and built-in growth potential. The property's strong financials and established tenant make it a highly desirable addition to any portfolio. The absolute NNN lease structure shifts most responsibilities to the tenant, minimizing landlord obligations.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.281
- Latitude
- 47.4939
- CBSA code
- 24500
- CBSA name
- GREAT FALLS, MT METROPOLITAN STATISTICAL AREA
