MLS® ID: 406539
Type: CommercialSale
W 23 Main Street Belgrade, MT
$1,200,000.00
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY WITH A 10 YEAR LEASE AT 6.4%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $77,500+ NOI! Call on this one today.
Amenities
Zip 59714
SQFT 4000
Property Type CommercialSale
Lot Size 0.0746
Levels N/A
Office Name Realty Executives
Year Built 1904
Subdivision N/A
Area Belgrade
Status Active
Listing Agent: Don Lint
Location
(Data provided by Gallatin-BigSky-BSC data)