1305 US Highway 2 W - Health Club FOR SALE


Kalispell, MT 59901
$3,455,000 USD
206-826-5787
1305 US Highway 2 W, Kalispell, MT for Sale
$3,455,000 USD
Health Club - FOR SALE
1/15
null | 7.17% Cap Rate

1305 US Highway 2 W
Kalispell, MT 59901


HIGHLIGHTS

  • Fuel Fitness has 6+ years remaining on an Absolute Net lease with 1, 5-year option, providing an investor with longterm, passive cash flow.
  • The Property features an Absolute Net lease with ZERO Landlord management or repair responsibilities.
  • A build-to suit for Fuel Fitness in 2016 and features high quality finishes in both the exterior and interior of the building.
  • located directly on US Highway 2 W (16,000+ VPD), just off of US Highway 93 Alternate/Kalispell Bypass (21,000+ VPD).

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Fuel Fitness, a long-term, 6+ year Absolute Net leased fitness center in Kalispell, MT. The 6+ year Absolute Net lease allows investors with secure passive income and zero landlord management or repair responsibilities. The Property was a build-to-suit for Fuel in 2016 and features high-quality finishes both on the exterior and interior. The Property features over an acre of developable land with an estimated value of $250,000, providing an investor with a value-add opportunity. The Property benefits from being located directly on US Highway 2 (16,000+ VPD) and just off of US Highway 93 (21,000+ VPD). Within a 5-mile radius, the population has grown nearly 17% since 2020 and is projected to increase by another 17% in the next 5 years, with average household incomes exceeding $82,000. Within a 1-mile radius, the population has grown by more than 28% since 2020.

FOR SALE DETAILS

PRICE

$3,455,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

7.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,472 SF

ZONING

-

APN/PARCEL ID

07-3965-12-4-02-29-0000

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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