Commercial · Belgrade, MT

23 W Main Street, Belgrade, MT 59714

$1,200,000 Active MLS® 406539 Commercial
Return to results
ActiveMLS® 406539
$1,200,000
23 W Main Street, Belgrade, MT 59714
Bds Ba 4,000 Sq.Ft. 0.0746 Ac
Description

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.

Interior Features
  • Additional features
  • Utilities Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Air conditioning None
  • Basement description
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.0746 Square Feet
  • Lot description
Exterior Features
  • Body of water
  • View
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.0746 Square Feet
  • Lot description
  • Foundation
  • Exterior
  • Roofing materials
Location