Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1904
Sq.Footage
4,000
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY W/ A 10 YEAR LEASE AT 6%+ 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). $76,000+ NOI! Don’t be the one to say “You know, I could have owned a part of downtown Belgrade, MT., right on Main Street. But I hesitated when I had the chance. Dirty word, dirty word!” Call on this one today.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Baseboard, Central, Electric, Forced Air, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Paved, On Street
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.0746
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,200,000
-
Tax Amount
6878.47
-
Zoning
DD – Downtown District
-
Sq. Footage
4, 000
-
Price/SqFt
$300
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Full
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Gallatin
Elementary School
Middle School
High School
Listing Courtesy of Don Lint , Realty Executives
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