2625 10th Ave S - Fast Food FOR SALE


Great Falls, MT 59405
$2,539,000 USD
480-221-4221
2625 10th Ave S, Great Falls, MT for Sale
$2,539,000 USD
Fast Food - FOR SALE
1/9
null | 6.5% Cap Rate

2625 10th Ave S
Great Falls, MT 59405


HIGHLIGHTS

  • Approximately 17 Years Remaining | Experienced QSR Operator |Options To Extend | Scheduled Increases | Drive-Thru Equipped
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Nearby National Retailers & QSR Brands | Signalized, Hard Corner Intersection (Combined 40,500 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Hardee’s investment property located in Great Falls, Montana. The tenant has approximately 17-years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by ARC Burger, LLC, a subsidiary of High Bluff Capital Partners, a strong franchisor serving as the owner of other fast-food retailers including Church’s Chicken, Quiznos, and Taco Del Mar. High Bluff completed an acquistion of 81 total Hardee’s sites across the country in 2023. The store boasts strong sales and a single digit rent to sales ratio (contact agent for details).

FOR SALE DETAILS

PRICE

$2,539,000 USD

PRICE/SF

$559 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardee's | 17yrs Abs NNN | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

C-2

APN/PARCEL ID

02-3016-08-3-01-02-0000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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