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712 Wheat Drive, Bozeman, Montana

$1,495,000Active

712 Wheat Drive, Bozeman, Montana 59715
Absaroka Realty - MLS® ID: 301184

Property Details

712 Wheat Drive, Bozeman, Montana 59715 - RARE OPPORTUNITY TO OWN THIS HIGHLY VISIBLE COMMERCIAL PROPERTY AT I90 AND N. 7TH EXCHANGE IN BOZEMAN. PANDA BUFFET HAS BEEN A TENANT SINCE 2003. PRIOR TO THAT, THIS SITE WAS LEASED TO APPLE TREE RESTAURANT FOR APPROIMATELY 15 YEARS. NNN LEASE EXPIRES AUGUST 2018, BUT TENANTS PREFER TO REMAIN AND SIGN NEW LEASE WITH NEW OWNER. TENANTS INVESTED OVER $200,000 IN INTERIOR REMODEL WITHIN THE LAST YEAR AND $65,000 WORTH OF NEW SIGNAGE, NEW ROOFING AND RESURFACING OF PARKING LOT ALSO WAS COMPLETED WITHIN THE LAST YEAR. ENTRY CORRIDOR OVERLAY AND B2 ZONING ALLOWS A MULTITUDE OF COMMERCIAL USES AND NORTH 7TH IS UNDERGOING AN EXCITING REVITALIZATION. NET YRLY RENT INCOME IS $108,000. FOR A 7.2% CAP RATE BASED ON ASKING PRICE. ALSO, PRIME CANDIDATE FOR REDEVELOPMENT SHOULD A BUYER DECIDE NOT TO RENEW CURRENT LEASE. LEASE CAN EXPIRE AUGUST 2018.PLEASE CALL AGENT FOR CAVEAT REGARDING LEASE.

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Amenities

  • Zip59715
  • CountyGallatin
  • SQFT5094
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeB2 - Community Business
  • Year built1982
  • Lot size50303.000
  • HeatingGas Forced Air
  • CoolingCentral Air
  • ParkingPaved
  • Office ID479
  • Agent ID550391111
  • Agent nameJennifer Monroe
  • MLS® ID301184

Broker: Absaroka Realty

Listing Courtesy of Absaroka Realty

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