4900 2nd Ave N - Restaurant FOR SALE
Great Falls, MT 59405 |
$1,278,800 USD
332-345-4222
4900 2nd Ave N
Great Falls, MT 59405
HIGHLIGHTS
- Long-Term Triple Net (NNN) Lease | The investment property is subject to a long-term, triple net (NNN) lease with 20 years remaining.
- Strong Franchisee Guarantee | The lease is subject to a strong franchisee guarantee from Grand Mere Restaurant Group (145 units).
- Attractive Rental Increases | The lease features attractive annual increases of 2.00% starting Year 7, providing a hedge against inflation.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 4900 2nd Avenue North, Great Falls, Montana 59405. The site consists of roughly 2656 rentable square feet of building space on an estimated 0.42-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $79,925 and has scheduled increases of 2.00% Annually Starting Year 7.
FOR SALE DETAILS
PRICE
$1,278,800 USD
PRICE/SF
$456 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pizza Hut
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,295 SF
ZONING
C
APN/PARCEL ID
02-3016-09-1-02-20-0000
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332-345-4222
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332-345-4222
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