2834 King W Ave Billings, MT 59102-6432
Property profile & analytics
2834 King W Ave Billings, MT 59102-6432
- Drive through restaurants
- 3,029 SF
Property ID
US52-0131764
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
- Arby's / Restaurant / Take-out & Catering
Property Details for 2834 King W Ave
- Year built
- 2003
- Construction
- WOOD
- Property size
- 3,029 SF
- Zone code
- CI
- Property type
- Drive through restaurants
- APN
- 03-0926-13-1-78-01-4001
- APU
- 3092613178014001
Description
This exceptional investment opportunity presents a newly renovated Arby's restaurant in Billings, Montana, situated on a 1.03-acre lot at 2834 King Ave W, 59102. The property boasts 3,400 square feet of space in a single-story building constructed in 1979 and completely renovated in 2024. The property is currently operating at 100% occupancy under a 20-year absolute NNN lease with a franchisee tenant, AES Restaurants, offering a strong, stable income stream. The asking price is $3,471,436, representing a 5.50% cap rate with a current Net Operating Income (NOI) of $190,929. The lease includes four, five-year renewal options, with a 10% rent increase every five years. This prime location is part of a vibrant retail corridor, situated as an outparcel to a shopping center anchored by Home Depot, Office Depot, Old Navy, and Michaels, and across from a Walmart Supercenter. Its convenient access to Interstate 90 exit ensures high visibility and accessibility. The property is zoned for commercial use and offers a compelling investment opportunity due to its strong tenant, long-term lease, and prime location within a thriving retail environment. The property's recent renovation ensures modern facilities and operational efficiency, further enhancing its investment appeal. This sale-leaseback transaction provides a secure and passive income stream for the investor.
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
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.585
- Latitude
- 45.7547
- CBSA code
- 13740
- CBSA name
- BILLINGS, 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
$5,468
$0.00
$0.00
$487,450
-
$0.00
$487,450
$487,450
