FOR SALE | Sale-Leaseback Opportunity Conlin's Furniture — 739 S 20th St W, Billings, MT Key Highlights: - Sale-leaseback opportunity with Conlin's Furniture, an 88-year-old, family-owned regional retail brand headquartered in Billings, MT - Priced at $3,500,000 - 6.17% cap rate | $216,000 annual base rent - NNN lease to be negotiated prior closing - Building size: 44,266 SF on 2.91 acres - Located on S 20th St W next to Blacksmith Coffee, Perkins, Circle K, and adjacent to the King Ave W retail corridor - Strong retail fundamentals: established, long-tenured local operator with deep community presence - Corporate headquarters location — strategic and critical asset for tenant Property Description This offering presents a rare opportunity to acquire the Billings, Montana headquarters and flagship retail location of Conlin's Furniture, secured by a long-term sale-leaseback with the operating company. Conlin's has operated continuously in this market for decades as a cornerstone of the regional furniture retail landscape, and this property will remain a valued asset to their operations post-closing. The 44,266 SF building sits on 2.91 acres at 739 S 20th St W, offering strong visibility and traffic counts (14,095 vpd – Current AADT). The sale-leaseback structure provides an investor with immediate, in-place income backed by a well-established regional operator, with minimal landlord responsibilities under a NNN lease structure. Company Overview: Conlin's Furniture Founded in 1937 in Williston, North Dakota, Conlin's Furniture is a private, family-owned regional furniture retail chain now headquartered in Billings, Montana. The company operates 10 stores across Montana, North Dakota, and Washington, offering furniture and bedding from national brands including La-Z-Boy, Flexsteel, Stanton, Sealy, and Simmons through its Conlin's Furniture, The Outlet by Conlin's, and The Sleep Center by Conlin's banners. With nearly nine decades of continuous operation and deep roots in the communities it serves, Conlin's represents a stable, long-tenured retail credit with a demonstrated commitment to its home markets. Investment Highlights: - Long-term operating history and brand equity in the market - Corporate HQ location — high tenant retention likelihood - NNN lease provides predictable, long-term income - Family-owned operator with strong community ties and customer loyalty