6767 Tun Tavern Rd 39,600 SF Industrial Building Billings, MT 59101 $27,307,361 CAD ($689.58 CAD/SF) 6.10% Cap Rate

STATE-OF-THE-ART, INSTITUTIONAL-GRADE INVESTMENT OPPORTUNITY
* Located in the path of growth for Yellowstone County, this ±39,600 square foot warehouse on ±9.77 acres is guaranteed by Amazon.com, Inc. with approximately 9 years remaining on the initial term.

* At 24' clear height and 2000A of 3ph 480V power, this property is prepared for the future. Knockouts for additional dock and grade level doors were formed into the concrete panels to allow for future flexibility.

* Very high renewal probably in 9 years as Amazon’s co-investment in the facility exceeded $5.4M with cutting-edge air handling, lighting, pit levelers, speed coil doors and ESFR sprinkling systems. Additionally, Amazon has four 5-year renewal options.

* 7.75 acres of improved excess land (using a standard industrial coverage of 45%), providing a new owner significant flexibility and optionality in the future.

* Entitling the subject property was no small task as the Yellowstone Valley is not necessarily pro development. This overall trend will keep vacancy rates low, and supply will remain constrained.

* MISSION CRITICAL facility for Amazon as they continue to increase their “Last Mile” footprint:
In 2024, Amazon reported a 65% increase in number of orders for delivery on the same day or next day which is why they continue to expand their “Last Mile” footprint. Amazon claims it plans to “double” the size of its fulfillment network where it can be closer to the end customer. This site in Billings, MT fits their local MT customer base extremely well. The property is situated approximately 1 mile from the interchange of US Highway 212 and Interstate 90 (±27,263 cars/day), a key north-south and east-west trucking corridor convergence point.
STRONG MARKET FUNDAMENTALS FOR FUTURE GROWTH
* Billings has experienced tremendous growth since the pandemic as work from home, affordability and a balanced work/play lifestyle have been a key driver for employees. Billings stands out as an exceptional destination for business expansion and relocation, offering a dynamic mix of strategic advantages. The city boasts prime locations with robust infrastructure, including extensive transportation networks and state-of-the-art utilities. With a highly skilled and diverse workforce, Billings supports growth across key industries such as healthcare, retail, and professional services. Financial assistance is readily available through programs like the Big Sky
Finance 504 Loan and partnerships with reputable local banks.