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.