3429 Central Ave, Billings, MT 59102, Billings, MT 59102
sale
$1,592,000
|
Retail
Courtesy Of Coldwell Banker Commercial Cbs
- Multi-Tenant Retail Investment Property - 5.8% Current Cap Rate - 6.75% Pro Forma Cap Rate @ 100% Occupancy - 6.9% Pro Forma Cap Rate @ 100% Occupancy Once CAM is Reconciled in 2027 - Triple Net Leases - 5 Separate Units, 4 Occupied - Built in 2006 - 7,680 SF Retail Building - 0.73 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 3429 Central Ave is a 7,680 SF multi-tenant retail center in Billings' growing West End, offering investors in-place cash flow with built-in upside. Four of the five suites are leased (83% occupied) on triple-net terms to an established mix of restaurant, personal-service and professional-service tenants, anchored by a well-known Japanese steakhouse. The remaining 1,283 SF suite is available, giving a buyer an immediate opportunity to add income through lease-up. The landlord increased CAM recovery by $4,300 in 2026, and there is room to bring reimbursements closer to actual operating costs. Built in 2006, the center sits on Central Avenue, a primary east-west route through the West End, with strong street visibility, a large pylon sign and 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: 11-20 Years Old
- Architecture Style: Other
- MLSID: 260824
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