609 W Main St - Restaurant FOR SALE
Cut Bank, MT 59427 |
$1,386,033 USD
332-345-4222
609 W Main St
Cut Bank, MT 59427
HIGHLIGHTS
- Absolute Triple-Net Lease | This property is subject to an absolute triple-net lease with zero landlord responsibilities. Providing the landlord with
- Attractive Rental Increases | 1.50% annual rental increases to hedge against inflation.
- Large Guarantee From a Proven Operator | Grand Mere Restaurant Group is backing the lease. GMRG operates 145+ Pizza Hut locations across nine differen
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 609 W Main Street, Cut Bank, MT, 59427. The site consists of roughly 3,334 rentable square feet of building space on an estimated 0.68-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2019. The current annual rent is $83,162 and has scheduled increases of 1.50% annually.
FOR SALE DETAILS
PRICE
$1,386,033 USD
PRICE/SF
$416 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pizza Hut
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
11
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
6
APN/PARCEL ID
38-4529-01-3-01-01-0000
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332-345-4222
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332-345-4222
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