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2413 S Higgins Ave 2,828 SF 100% Leased Retail Building Missoula, MT 59801 $2,095,000 ($740.81/SF) 6.26% Cap Rate
Investment Highlights
- Phenomenal Location- Great Exposure
- Solid NNN Investment
- Newly Constructed
Executive Summary
Business not included, real estate only. Positioned near Missoula’s thriving university district, this newer two-story commercial building offers exceptional visibility and long-term investment stability. Real estate and improvements only, although the existing business may be purchased separately. Currently home to a modern coffee and taphouse, the property sits directly beside the University of Montana’s soccer fields and just minutes from campus, ensuring steady foot traffic and strong community presence in Missoula. Clean architectural lines, expansive windows, and an inviting contemporary design make it one of the area’s standout commercial assets. The tenant operates under a solid triple-net (NNN) lease with multiple years remaining, providing reliable cash flow and an attractive return for investors. Missoula itself has consistently shown great market appreciation and low cap rates, making this a solid investment choice. Business may be available for purchase separately and will be marketed under its own MLS listing ID. This is a rare opportunity to acquire premium commercial real estate in one of Missoula’s most energetic and high-demand corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,828 SF
Building Class
B
Year Built
2019
Price
$2,095,000
Price Per SF
$740.81
Cap Rate
6.26%
NOI
$131,147
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.28 AC
Zoning
5
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-2200-33-1-41-06-0000 | Improvements Assessment | $468,133 |
| Land Assessment | $684,167 | Total Assessment | $1,152,300 |
Property Taxes
Parcel Number
04-2200-33-1-41-06-0000
Land Assessment
$684,167
Improvements Assessment
$468,133
Total Assessment
$1,152,300
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2413 S Higgins Ave
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