3639 Harrison Ave Butte, MT 59701-3549

Property Details for 3639 Harrison Ave

Year built

2011

Construction

STEEL FRAME

Lot size

0.93 lot acres

Property size

7,500 SF

Zone code

C-2

Property type

Retail space

APN

01-1198-31-1-05-18-0000

APU

1119831105180000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,500-square-foot, Class A auto parts retail building located at 3639 Harrison Ave, Butte, MT 59701. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $85,953. The property is currently 100% occupied by a corporate-guaranteed tenant under an absolute NNN lease with a remaining term of 9.6 years, extending to June 30, 2034. The lease includes six five-year renewal options, ensuring long-term stability. Built in 2011, this single-story building sits on a 0.93-acre lot and benefits from a prime location on Harrison Avenue, a major retail corridor with a high volume of daily traffic (22,200 vehicles per day). The property's strategic location within a thriving retail area, featuring over one million square feet of retail space with a low 0.7% vacancy rate, and its proximity to other major retailers and auto dealerships, creates a synergistic environment that drives tenant sales. The tenant, a publicly traded company, has demonstrated a long-term commitment to the location, recently signing a 10-year lease extension. This investment offers a rare opportunity to acquire a secure, high-performing asset with significant upside potential due to below-market rent. The asking price is $1,433,000, translating to $191.07 per square foot.