1900 10th S Ave Great Falls, MT 59405-2755
Property profile & analytics
1900 10th S Ave Great Falls, MT 59405-2755
- Commercial real estate
- 3,039 SF
- 0.30 lot acres
Property ID
US52-0098862
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CHIPOTLE / Restaurant
- Chipotle Mexican Grill / Restaurant
Property Details for 1900 10th S Ave
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 0.30 lot acres
- Property size
- 3,039 SF
- Property type
- Commercial real estate
- APN
- 02-3016-18-2-40-16-0000
- APU
- 2301618240160000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.274
- Latitude
- 47.4936
- CBSA code
- 24500
- CBSA name
- GREAT FALLS, MT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,641
$0.00
$0.00
$307,450
-
$307,450
$0.00
$307,450
