903 California Ave Libby, MT 59923-1907

Property Details for 903 California Ave

Year built

1999

Construction

WOOD

Lot size

0.44 lot acres

Property size

3,524 SF

Property type

Drive through restaurants

APN

56-4175-03-3-19-05-0000

APU

56417503319050000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut property located at 903 California Ave, Libby, MT 59923. The 3,756 square foot building, constructed in 1999 and renovated in 2010, sits on a 0.66-acre lot at a signalized hard corner intersection, offering excellent visibility and accessibility. The property boasts a drive-thru, enhancing operational efficiency and customer convenience. The current lease with Pizza Hut has a remaining term of 14.7 years, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, ensuring consistent growth in rental income. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $80,595, resulting in a compelling 6.75% cap rate. The asking price is $1,194,000, translating to a price per square foot of $317.89. This is a 100% occupied, single-story building offering a secure and lucrative investment opportunity in a desirable location. The property's strategic location and established tenant make it an attractive proposition for investors seeking a stable, high-yield, net-leased asset. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.