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704 SW Higgins Ave 23,760 SF Retail Building Missoula, MT 59803 $5,114,249 CAD ($215.25 CAD/SF) 7.80% Cap Rate
Executive Summary
Building & Land For Sale - Business is not included in sale. Tenant will vacate property prior to closing.
7.8% Cap Rate with current lease at $12psf NNN Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire
a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net
lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking,
brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully
as a grocery store for decades, the site enjoys deep community roots and steady foot traffic. Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.
7.8% Cap Rate with current lease at $12psf NNN Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire
a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net
lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking,
brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully
as a grocery store for decades, the site enjoys deep community roots and steady foot traffic. Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
23,760 SF
Year Built
1973
Price
$5,114,249 CAD
Price Per SF
$215.25 CAD
Cap Rate
7.80%
NOI
$398,911 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.32
Lot Size
1.69 AC
Zoning
C1-4 - Commercial Zoning allowing up to 125' in height. Residential, etc. See docs.
Parking
60 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
242’ on 39th
Amenities
- Signage
- Kiosk/Cart Space
- Wheelchair Accessible
- Storage Space
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-2200-33-3-09-06-0000 | Improvements Assessment | $2,152,191 CAD |
| Land Assessment | $1,348,449 CAD | Total Assessment | $3,500,640 CAD |
Property Taxes
Parcel Number
04-2200-33-3-09-06-0000
Land Assessment
$1,348,449 CAD
Improvements Assessment
$2,152,191 CAD
Total Assessment
$3,500,640 CAD
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704 SW Higgins Ave
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