1640 Main St Lewistown, MT 59457-2257
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.