2625 10th S Ave Great Falls, MT 59405-3238

Property Details for 2625 10th S Ave

Year built

1990

Construction

WOOD

Lot size

1.47 lot acres

Property size

4,539 SF

Property type

Drive through restaurants

APN

02-3016-08-3-01-02-0000

APU

2301608301020000

Description

This exceptional investment opportunity presents a fee-simple ownership of a Hardee's/Carl's Jr. quick-service restaurant in Great Falls, Montana. The property, located at 2625 10th Ave S, boasts a 4,539 square foot building on a 1.451-acre lot, built in 1990 and recently renovated. The property benefits from a highly visible location with excellent traffic counts averaging 30,377 vehicles daily, situated near major roadways, the Great Falls Medical and University corridors, and the new Great Falls Aquatic Center. The tenant, Hardee's/Carl's Jr., operates under a 20-year net lease agreement commencing August 5, 2021, and expiring August 4, 2041, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property is zoned C-2 General Commercial and offers ample parking (81 spaces per 1,000 sq ft). This single-tenant, Class B building offers a 5.50% cap rate and a current asking price of $2,725,000 ($600.35/sq ft). The property's strong tenant, prime location, and long-term lease make it an attractive investment with significant potential for return. The property features a drive-thru and excellent ingress/egress. This is a 100% occupied, single-unit property with a proven track record. The APN is 0000404910.