Highlights

• TENANT IS THE UNITED STATES OF AMERICA
• NON-CANCELABLE 15 YEAR TERM!!!
• High Quality Construction

• Stable & Reliable Income Stream
• CANNOT MATCH THE CREDIT
• ATTRACTIVE 10/30 DEBT AVAILABLE

Description

The subject property is a build-to-suit office building, fully leased to the United States of America' s Forestry Service, located in Kalispell, Montana. The property consists of a 28,120 sf building on a 4 acre parcel. The Government' s commitment to this facility is confirmed by the rare 15-year non-cancelable lease term. The Seller will continue to handle all property management making this investment ideal for a passive investor seeking the most secure income stream. The improvements are subject to a 99 year Ground Lease with the State of Montana. The ground lease rent is flat for the initial 20 years, concurrent with the U.S Forestry lease term. The Ground Lease is renewable for 99 years. We have received an attractive debt quote for 65% LTV with a 30 year amortization. Call for details.

The Tenant has consolidated multiple nearby locations into this facility located near the intersection of Stillwater Rd. and Reserve Drive one mile west of the Spring Prairie retail development (Costco, Lowe' s Home Improvement, Home Depot, Target, TJ Maxx, Best Buy, Petco, Ross, Bed Bath & Beyond, Pier 1 Imports, McDonald's, Wells Fargo, Famous Dave's and others). This attractive single-story facility consists of 28,120 net rentable sf of office and related space. Two additional government related office building are planned adjacent to this U.S. Forestry facility (Land Management & 911).