23 W Main Street, Belgrade, MT 59714
sale
$1,200,000
|
Other
Courtesy Of Realty Executives of Gallatin Valley
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY WITH A 10 YEAR LEASE AT 6.4%+ 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). $77,500+ NOI! Call on this one today.
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Property Features
- Age: Over 50 Years Old
- Heating System: Electric (Heating)
- Heating System: Baseboard
- Heating System: Forced Air
- Heating System: Central
- Heating System: Natural Gas
- Legal Description: Lot 7, Block 1, Belgrade Original Townsite
- MLSID: 406539
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