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23 W Main St 4,000 SF 100% Leased Retail Building Belgrade, MT 59714 $1,632,612 CAD ($408.15 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Multi-tenant Fully Leased with 10-year absolute NNN anchor tenant
- Large free public parking across the street
- Ideal Location - Main Street Belgrade
Executive Summary
LONG-TERM, SECURE, MAILBOX MONEY!
This fully leased multi-tenant Investment Property has a 10-year Absolute NNN anchor tenant in downtown Belgrade, MT. The anchor tenant lease is over 70% of leased space. The second floor has several smaller office tenants on shorter (1-year average) NNN leases, with one small gross lease.
In the heart of the stunning Gallatin Valley, Montana, it is in an ideal location in downtown Belgrade, MT with a large free public parking lot across the street and just doors away from restaurants, shopping, banking, and other professional services. It is only a couple miles away from Bozeman Yellowstone International Airport, Montana's busiest airport.
Disclosure: Listing Broker is a MT Real Estate Broker and a member of ownership entity.
This fully leased multi-tenant Investment Property has a 10-year Absolute NNN anchor tenant in downtown Belgrade, MT. The anchor tenant lease is over 70% of leased space. The second floor has several smaller office tenants on shorter (1-year average) NNN leases, with one small gross lease.
In the heart of the stunning Gallatin Valley, Montana, it is in an ideal location in downtown Belgrade, MT with a large free public parking lot across the street and just doors away from restaurants, shopping, banking, and other professional services. It is only a couple miles away from Bozeman Yellowstone International Airport, Montana's busiest airport.
Disclosure: Listing Broker is a MT Real Estate Broker and a member of ownership entity.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1904/2004
Price
$1,632,612 CAD
Price Per SF
$408.15 CAD
Cap Rate
6.50%
NOI
$106,120 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.31
Lot Size
0.07 AC
Zoning
DD - Downtown Business District
Frontage
25’ on Main Street
Amenities
- 24 Hour Access
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-0903-01-3-37-19-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $809,503 CAD |
Property Taxes
Parcel Number
06-0903-01-3-37-19-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$809,503 CAD
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Realty Executives of Gallatin Valley
23 W Main St
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