1640 W Main St - Restaurant FOR SALE


Lewistown, MT 59457
$1,318,000 USD
470-344-2586
1640 W Main St, Lewistown, MT for Sale
$1,318,000 USD
Restaurant - FOR SALE
1/7
null | 6% Cap Rate

1640 W Main St
Lewistown, MT 59457


HIGHLIGHTS

  • ~14 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Central Montana Medical Center | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in Lewistown, Montana. The tenant, Pizza Hut has approximately 14 years of initial term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The operator, Grand Mere Restaurant Group, operates over 140 locations and is the leading Pizza Hut franchisee. The lease features annual 1.50% rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,318,000 USD

PRICE/SF

$396 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C3

APN/PARCEL ID

08-2467-16-4-02-02-0000

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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