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Belgrade,MT 59714
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $300
MLS Listing ID 406539
Year Built 1904
Annual Tax Amount $6,878
Tax Year 2024
Lot Size 3,249 Sqft
Acres 0.0746
Property Sub-Type Building
Property Description
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY W/ A 10 YEAR LEASE AT 6%+ CAP RATE!
Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers?
This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $76,000+ NOI!
Don't be the one to say “You know, I could have owned a part of downtown Belgrade, MT., right on Main Street. But I hesitated when I had the chance. Dirty word, dirty word!” Call on this one today.
Location
State MT
County Gallatin
Area Belgrade
Direction From Main and Broadway in Belgrade, go West about 1/2 block. It is adjoining the Belgrade Mercantile building on the West side.
Interior
Heating Baseboard, Central, Electric, Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Paved, On Street
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID RFF14583
Ownership Full
Acceptable Financing Cash,1031 Exchange,3rd Party Financing
Listing Terms Cash,1031 Exchange,3rd Party Financing
Special Listing Condition None