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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

Sustainability

Energy Star Certified
76
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Applebee's
Glacier Bank

Property Taxes

Property Taxes

Parcel Number
07-3966-04-3-10-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,288,400
  • Listing ID: 38115844

  • Date on Market: 10/17/2025

  • Last Updated:

  • Address: 2024 US Hwy 2 E, Kalispell, MT 59901

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