600 Fee St Helena, MT 59601-3148

Property Details for 600 Fee St

Year built

1978

Lot size

2.39 lot acres

Property size

30,139 SF

Property type

Grocery and convenience stores

APN

05-1888-29-4-21-05-0000

APU

5188829421050000

Description

This fee-simple, 28,300 square foot Albertsons grocery store in Helena, Montana presents a rare value-add investment opportunity. Located on a 2.39-acre lot at 600 N Fee St, this single-tenant property boasts a strong corporate guarantee and an absolute NNN lease with significant below-market rent ($1.96/SF NNN, compared to market rates of $17-$20/SF NNN). The current lease, expiring December 2033, offers substantial upside potential upon renewal. The property enjoys excellent visibility on Hwy 12 and 11th Ave (combined 29,000+ vehicles per day) and proximity to I-15 (24,800+ VPD), placing it within a thriving retail corridor alongside national brands like Walmart, Starbucks, and McDonald's. An adjacent 20,000 square foot pad site offers further development potential. The area demonstrates robust population growth (nearly 17% since 2011 within a 5-mile radius, projected 4.7% increase in the next 5 years) and high average household incomes (nearly $86,000). The property's 100% occupancy and $55,560 NOI further solidify its investment appeal. Built in 1978, this asset offers a compelling combination of current income and future development possibilities. Asking price is $2,995,000 ($105.83/SF).