1301 11th Ave S - Storefront Retail/Office FOR SALE


Great Falls, MT 59405
$2,300,000 USD
630-805-2463
1301 11th Ave S, Great Falls, MT for Sale
$2,300,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 9.16% Cap Rate

1301 11th Ave S
Great Falls, MT 59405


HIGHLIGHTS

  • 100% occupied
  • Prime Location
  • C-2 Zoning
  • Excellent Condition

OVERVIEW

Medical office and retail investment opportunity at 1301 11th Avenue South, Great Falls, MT. Boasts a strategic location in the heart of the thriving Great Falls area. Property is 100% leased, with a strong track record of 100% occupancy due to its location. Roughly half of the property is leased by Benefis Health Systems as medical office. Benefis Health Systems is the largest nonprofit health system in north-central Montana and operator of the largest hospital in Montana. Benefis Health Systems has 5 years remaining on its lease. The rest of the property is leased to 3 retail tenants and 1 small office space. Tenants pay interior expenses, utilities (see rent roll for details). The property has had roughly $285,000 in capital investments over the last 10 years. Major improvements were done on four of the tenants’ spaces; the parking lot was resurfaced; the roof was replaced; and new common entry ways were done. Asking price is $2.3 million. Net operating income is $210,598, yielding a cap rate of 9.2%

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

9.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Evergreen Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,500 SF

ZONING

C2-General Commercial

APN/PARCEL ID

02-3015-13-1-10-01-0000

ASK ABOUT THIS PROPERTY

Troy GoldenGolden Group Commercial Real EstateMore Info
630-805-2463

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Troy GoldenGolden Group Commercial Real EstateMore Info
630-805-2463

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