2834 King Ave W | Billings, MT 59102
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2834 King Ave W
Billings, MT 59102
Arby's Absolute NNN Lease 20 Year Term · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single-tenant investment opportunity at 5.38% cap rate with NOI of $190,929
- Absolute NNN lease with no expenses to the landlord
- Situated in one of the largest retail destinations in U.S. on the major retail corridor next to Home Depot, Best Buy, World Market, and others
- The tenant is the third largest franchisee in the Arby’s system with 87 restaurants in 2023
- Single national tenant at 20-year initial term with 4 options to renew and 10% escalations every 5 years
- The property has easy access to I-90 with great visibility and high traffic counts (27,534 DTV at King Ave and 24th St.)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,400 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Zoning
CMU2 - Corridor Mixed-Use & Commercial Centers
PROPERTY TAXES
| Parcel Number | 03-0926-13-1-78-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $879,438 | Total Assessment | $879,438 |
PROPERTY TAXES
Parcel Number
03-0926-13-1-78-01-0000
Land Assessment
$879,438
Improvements Assessment
$0
Total Assessment
$879,438
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