1900 10th S Ave, Great Falls, MT 59405-2755

This exceptional investment opportunity presents a brand-new, 15-year net lease on a free-standing Chipotle restaurant in Great Falls, Montana. Located at 1900 10th Ave S, this 2,325 square foot, single-story building boasts a drive-thru and outdoor patio, maximizing operational efficiency and customer convenience. The property sits on a 0.69-acre lot with ample parking (26 spaces) and benefits from a dedicated left-hand turn lane on 10th Avenue S (US Route 87), ensuring easy access for customers. The site enjoys high visibility and traffic counts of 38,697 vehicles per day, situated within a prime retail area near a Target and Albertsons, a top-performing location nationally. The lease includes a significant 10% rent increase every five years, providing a strong hedge against inflation, and offers three, five-year renewal options, guaranteeing long-term stability. Built in 2023, this 100% occupied property generates a substantial net operating income (NOI) of $134,850, representing a compelling 4.80% cap rate. The property's proximity to Malmstrom Air Force Base, a major economic driver contributing $425.6 million to the local economy in fiscal year 2023, further enhances its investment potential. This is a rare opportunity to acquire a high-performing, long-term net lease asset in a thriving Montana market. The asking price is $2,809,000.