1031 US Highway 2 W - Supermarket FOR SALE


Kalispell, MT 59901
$6,600,000 USD
503-957-7945
1031 US Highway 2 W, Kalispell, MT for Sale
$6,600,000 USD
Supermarket - FOR SALE
1/7
null | 5.75% Cap Rate

1031 US Highway 2 W
Kalispell, MT 59901


HIGHLIGHTS

  • The tenant operates on a NNN lease, minimizing landlord responsibilities. The lease includes contractual 10% rent increases every 5 years
  • The Property is located between the Glacier Park Airport (1M+ annual passengers) and Downtown Kalispell on US Hwy 2
  • 1 of over 90 CHEF’STORE locations nationwide, US Foods has partnered with approximately 250,000 foodservice operators and restaurants
  • Between 2022-2023, tourists spent over $1B in Flathead County, more than anywhere else in Montana

OVERVIEW

The Offering presents the opportunity to acquire a corporate guaranteed NNN-leased US Foods CHEF’STORE in a high-growth corridor of Kalispell, Montana. The lease structure is highly passive, with minimal landlord responsibilities, and features contractual 10% rent increases every five years, resulting in a projected 55 basis point yield increase by 2029. The tenant, US Foods, is a nationally recognized foodservice distributor with nearly $37.9 billion in 2024 net sales—a 6.4% year-over-year increase—and partnerships with more than 250,000 restaurants and food operators across the country. Strategically positioned along US Highway 2, Kalispell’s primary commercial thoroughfare (27,000+ VPD), the property sits between Downtown Kalispell and Glacier Park International Airport, which served over 1 million passengers in 2024, a 12.6% YoY increase. Per Placer.ai, the location has experienced a 9% year-over-year increase in visitor traffic, demonstrating strong consumer engagement. Kalispell benefits from Flathead County’s booming tourism sector, which saw over $1 billion in visitor spending between 2022 and 2023—more than any other county in Montana—driven by the growing popularity of Glacier National Park. This combination of a recession-resistant tenant, contractual rent growth, and a tourism-fueled trade area makes this asset an attractive long-term investment.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Foods CHEF'STORE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

Commercial

APN/PARCEL ID

R0764872

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.