1640 Main St Lewistown, MT 59457-2257
- Drive through restaurants
- 3,029 SF
- 0.59 lot acres
Dec 19, 2024
Current Use by Public Records
- Drive through restaurants
Property Details for 1640 Main St
- Year built
- 1975
- Construction
- WOOD
- Lot size
- 0.59 lot acres
- Property size
- 3,029 SF
- Property type
- Drive through restaurants
- APN
- 08-2467-16-4-02-02-0000
- APU
- 8246716402020000
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1640 W Main St, Lewistown, MT 59457. Boasting significant street frontage along US Highway 87, this 3,243 square foot building sits on a 0.68-acre lot and features a convenient drive-thru. Built in 1975 and renovated in 1995, the property enjoys 100% occupancy with a strong Pizza Hut tenant. The current lease boasts a remaining term of approximately 14.7 years, with annual rent increases of 1.5%. The asking price is $1,154,000, representing a compelling price per square foot of $355.84 and a 6.75% cap rate. The property generates a substantial net operating income (NOI) of $77,885 annually. This is a rare chance to acquire a well-established, passively managed investment with a nationally recognized brand in a prime location. The one-story building offers a stable and predictable income stream, making it an ideal addition to any diversified portfolio. The property's location on a major highway ensures high visibility and accessibility, contributing to its consistent performance. This is a turnkey investment ready for immediate cash flow.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lewistown
- County
- Fergus
- State
- Montana
- Longitude
- -109.441
- Latitude
- 47.0563
