2010 Grand Ave, Billings, MT 59102, Billings, MT 59102
sale
$1,495,000
|
Retail
Courtesy Of Coldwell Banker Commercial Cbs
- 2010 Grand Ave, Billings, MT - Multi-Tenant Retail Investment Property - 6% Current Cap Rate - 6.75% Pro Forma Cap Rate @ 100% Occupancy - Triple Net Leases - 6 Separate Units, 5 Occupied - Built in 1983, Renovated 2012 - 9,100 SF Retail Building - 0.66 Acre Lot - Zoned CMU1-Corridor Mixed Use 1 - Pride of Ownership = Very Little Deferred Maintenance - NOTE: Please Do No Contact Tenants, Showings by Appointment Only 2010 Grand Ave is a 9,100 SF multi-tenant retail center on Grand Avenue, one of Billings' primary east-west arterials, offering investors in-place cash flow with built-in upside. Five of the six suites are leased (86% occupied) on triple-net terms to a diverse mix of personal-service, professional-service, education and specialty retail tenants. The remaining 1,300 SF suite is available, giving a buyer an immediate opportunity to add income through lease-up, and one below-market lease offers mark-to-market upside when it expires. The landlord increased CAM by $2,940 in 2026 to bring reimbursements closer to actual operating costs. Renovated in 2012, the center benefits from steady traffic on Grand Avenue, strong street visibility, a pylon sign, large storefront windows and ample on-site parking, with easy access from the surrounding neighborhoods. Contact the listing broker and sign an NDA for the rent roll, lease abstracts and financial details
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Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- MLSID: 260824
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