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1640 W Main St 3,256 SF Retail Building Lewistown, MT 59457 $1,224,129 ($375.96/SF) 7.75% Cap Rate



Executive Summary
Current Real Estate Advisors is pleased to present the opportunity to acquire a high-quality, single-tenant retail asset leased to Pizza Hut and located in Lewistown, MT (the “Property”). This ±3,256 square foot freestanding building is situated on a spacious 0.65-acre parcel and is secured by an Absolute NNN lease, offering investors a truly passive investment with zero landlord responsibilities.
At the close of escrow, a new 20-year lease will commence with the existing operator, including 2% annual increases (beginning in Year 7) and 4, 5-Year renewal options – underscoring the tenant’s long-term commitment to the site. Prominently positioned on a signalized hard corner, the Property enjoys excellent visibility, strong traffic counts, and multiple points of ingress and egress. It is strategically integrated into a vibrant neighborhood, surrounded by established national brands and adjacent to a thriving residential area.
This offering represents an exceptional opportunity to acquire a stable, management-free asset backed by a globally recognized brand, with strong real estate fundamentals and a long-term lease structure designed to deliver durable income and reliable appreciation.
Global Brand + Proven Operator - Pizza Hut, a globally recognized brand with 20,000+ locations worldwide, with this location operated by Grand Mere Restaurant Group, a highly regarded and experienced franchisee with a portfolio of 150+ Pizza Huts across multiple states, reflecting operational strength and stability
Effortless Income Stream - This Absolute NNN lease requires no landlord responsibilities and boasts 20 years of term along with annual bumps and 4, 5-Year options, offering investors a dependable and secure income stream with passive, hands-off management
Community Mainstay - Positioned within a vibrant and growing residential community and surrounded by a mix of national and destination retailers, the Property enjoys a strategic location well-suited for its current tenancy, within an area undergoing notable demographic growth and revitalization, further enhancing the long-term viability and appeal of this asset
At the close of escrow, a new 20-year lease will commence with the existing operator, including 2% annual increases (beginning in Year 7) and 4, 5-Year renewal options – underscoring the tenant’s long-term commitment to the site. Prominently positioned on a signalized hard corner, the Property enjoys excellent visibility, strong traffic counts, and multiple points of ingress and egress. It is strategically integrated into a vibrant neighborhood, surrounded by established national brands and adjacent to a thriving residential area.
This offering represents an exceptional opportunity to acquire a stable, management-free asset backed by a globally recognized brand, with strong real estate fundamentals and a long-term lease structure designed to deliver durable income and reliable appreciation.
Global Brand + Proven Operator - Pizza Hut, a globally recognized brand with 20,000+ locations worldwide, with this location operated by Grand Mere Restaurant Group, a highly regarded and experienced franchisee with a portfolio of 150+ Pizza Huts across multiple states, reflecting operational strength and stability
Effortless Income Stream - This Absolute NNN lease requires no landlord responsibilities and boasts 20 years of term along with annual bumps and 4, 5-Year options, offering investors a dependable and secure income stream with passive, hands-off management
Community Mainstay - Positioned within a vibrant and growing residential community and surrounded by a mix of national and destination retailers, the Property enjoys a strategic location well-suited for its current tenancy, within an area undergoing notable demographic growth and revitalization, further enhancing the long-term viability and appeal of this asset
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,256 SF
Building Class
C
Year Built
2005
Price
$1,224,129
Price Per SF
$375.96
Cap Rate
7.75%
NOI
$94,870
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C3 - Highway Commercial
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-2467-16-4-02-02-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $671,600 |
Property Taxes
Parcel Number
08-2467-16-4-02-02-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$671,600
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