Former Albertsons 600 N Fee St 28,300 SF Retail Building Helena, MT 59601 For Sale

Marcus & Millichap's Brown Retail Group has been exclusively selected to market for sale the Former Albertsons in Helena, MT, a 28,300 SF Owner/User opportunity with a national tenant interested in leasing 10,000 SF. The opportunity provides an owner/user with the option to occupy the entire 28,300 SF for its business or occupy 18,300 SF and lease out the additional 10,000 SF to the interested national tenant in order to generate passive cash flow at the property. The property is currently leased to Alberstons, however, Albertsons has already vacated the premises and will terminate its lease at a buyer's discretion, allowing a buyer to collect cash flow until they are ready to occupy the property. The property also features a roughly 20,000 SF pad site adjacent to McDonald's that has redevelopment potential for fast food, coffee, strip retail, or various other tenant uses. The Property is located directly on Hwy 12 and 11th Ave, receiving a combined 29,000+ VPD and is adjacent to I-15 which receives an additional 24,800+ VPD. The Property benefits from its proximity to multiple brand name hotels, including LaQuinta, Days Inn and Hampton Suites. McDonald’s is located as an out-parcel and various other national tenants surround the Property including Walmart, Starbucks, Wendy's, Taco Bell and Walgreens. Within a 1-mile radius, the population has grown nearly 14% since 2020 and is projected to increase by another 10.88% in the next 5 years, with average household incomes of nearly $89,000. Within a 5-mile radius, the population has grown over 11% since 2020.