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2024 US Hwy 2 E 88,307 SF 100% Leased Retail Building Kalispell, MT 59901 $8,986,944 ($101.77/SF) 7% Cap Rate
Investment Highlights
- Dunham’s Low Rent
- Long-Term Leases
- New 10-Year 7 Brew Ground Lease
- Contracted Rental Increases/NOI Growth
- High-Growth Trade Area
- Same Store Scarcity
Executive Summary
This property offers investors the opportunity to acquire a stabilized three-tenant retail asset in the high-growth Kalispell, Montana trade area. Tractor Supply and Dunham’s Sports have backfilled a former K-Mart building with long-term leases, providing more than 12 years of weighted average lease term (WALT) and secure, predictable cash flow. A newly executed 10-year ground lease with 7 Brew will introduce a drive-thru outparcel, enhancing site traffic, improving pad activation, and further strengthening the asset’s long-term income profile. With excellent access, visibility, and Highway 2 frontage in one of Montana’s fastest-growing trade areas, the asset combines durable in-place income with additional upside potential for investors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Garden Center
Building Size
88,307 SF
Building Class
C
Year Built
1974
Price
$8,986,944
Price Per SF
$101.77
Cap Rate
7%
NOI
$629,086
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
8.52 AC
Zoning
B-3 - Athletic clubs, auto parking, banking, car wash, daycare/education, light food processing, housing, hotel, office, recreation, restaurants, or retail.
Parking
245 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
943’ on E Highway 2
Amenities
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-3966-04-3-10-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,288,400 |
Property Taxes
Parcel Number
07-3966-04-3-10-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,288,400
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2024 US Hwy 2 E
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