Pizza Hut
Great Falls, MT
Key Details
| Price: | $1,158,174 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $66,595 |
| Address: | 1518 10th Avenue South, Great Falls, Montana 59405 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/31/2019 |
| Lease Expiration: | 5/31/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.60 Acres |
| Building Size: | 4,189 SF |
| Year Built: | 2010 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1518 10th Avenue South, Great Falls, Montana 59405. The site consists of roughly 4189 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 5/31/2019. The current annual rent is $66,595 and has scheduled increases of 1.50% Annually.
About the Investment
- Dense Retail Corridor The subject property is strategically located within one mile of a Regional Mall that features tenants such as Scheels, Hobby Lobby, and Ross. Additional trade area co-tenants include Albertson's, Target, Starbucks, Wendy's, McDonald's, Burger King, Taco Bell and many more.
- Strong Demographics The surrounding area boasts a robust population base with a high household income. There are over 73,500 individuals residing within a five-mile radius with average annual incomes exceeding $72,600
- High Traffic Counts and Excellent Visibility The subject property benefits from direct frontage to the high traffic counts in the area. 10th Avenue South experiences an average of (73,500) vehicles per day to the immediate area daily.
Key Details
| Price: | $1,158,174 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $66,595 |
| Address: | 1518 10th Avenue South, Great Falls, Montana 59405 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/31/2019 |
| Lease Expiration: | 5/31/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.60 Acres |
| Building Size: | 4,189 SF |
| Year Built: | 2010 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Steven Hansen
shansen@nnnpro.com
License:
Broker of Record
Brian Brockman
Bang Realty, Inc
License: RRE-BRO-LIC71129
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.