1363 Us Highway 2 E - Fast Food FOR SALE


Kalispell, MT 59901
$1,640,000 USD
206-518-9567
1363 Us Highway 2 E, Kalispell, MT for Sale
$1,640,000 USD
Fast Food - FOR SALE
1/5
null | 5.5% Cap Rate

1363 Us Highway 2 E
Kalispell, MT 59901


HIGHLIGHTS

  • Dynamic Location - The property features strong visibility and site access and is located within the rapidly growing Kalispell trade
  • NNN Lease - The lease structure is NNN providing the landlord with no management or repair responsibilities
  • 10-Year Lease Extension - Burger King executed a brand new 10-year lease extension providing a secure and stable income
  • Historical Occupancy - This location has operated as a successful Burger King since 2000, featuring nearly 25 years of historical occupancy
  • Strong Tenant - The lease signature is Burger King Company, LLC, which is the parent company that controls all Burger King operations
  • Rental Increases - The lease contains a 10% rental increase in year-6 of the 10-year initial term and enhances the cap rate to 6.04%

OVERVIEW

The offering presents investors with the opportunity to acquire a single-tenant net lease, passive investment located in the high-growth trade area of Kalispell, MT. Burger King has a newly extended 10-year corporate guaranteed lease. The asset is a pad to Tractor Supply and future Dunham’s Sports. There is excellent access and visibility and frontage on Highway 2, which delivers a dynamic location in one of the fastest-growing trade areas in Montana.

FOR SALE DETAILS

PRICE

$1,640,000 USD

PRICE/SF

$573 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

07-3966-04-3-10-05-4456

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.