4900 2nd N Ave Great Falls, MT 59405-1502

Property Details for 4900 2nd N Ave

Year built

1972

Construction

STEEL FRAME

Lot size

0.42 lot acres

Property size

1,456 SF

Property type

Drive through restaurants

APN

02-3016-09-1-02-20-0000

APU

2301609102200000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 4900 2nd Ave N in Great Falls, Montana, zip code 59405. The property boasts a strong location directly off 2nd Avenue North with Highway 89 access, benefitting from high visibility and convenient access for customers. The 2,684 square foot building sits on a 0.42-acre lot and was originally constructed in 1972, undergoing renovations in 1995. Currently operating at 100% occupancy, the Pizza Hut lease features a remaining term of 15 years with annual rent increases of 1.50%. The asking price is $982,883, representing a price per square foot of $366.20 and a compelling 6.75% cap rate. The property generates a Net Operating Income (NOI) of $66,345. This investment is further enhanced by its proximity to a Walmart Supercenter and a thriving retail area, ensuring consistent customer traffic and strong long-term potential. The property's classification as a QSR/Fast Food restaurant and its national credit tenant provide significant stability and attractive investment characteristics. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location.