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Pizza Hut 4900 2nd Ave N 2,656 SF Retail Building Great Falls, MT 59405 $1,102,414 ($415.07/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Triple Net (NNN) Lease | The investment property is subject to a long-term, triple net (NNN) lease with 20 years remaining.
- Attractive Rental Increases | The lease features attractive annual increases of 2.00% starting Year 7, providing a hedge against inflation.
- Strong Franchisee Guarantee | The lease is subject to a strong franchisee guarantee from Grand Mere Restaurant Group (145 units).
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 4900 2nd Avenue North, Great Falls, Montana 59405. The site consists of roughly 2656 rentable square feet of building space on an estimated 0.42-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $79,925 and has scheduled increases of 2.00% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,656 SF
Building Class
B
Year Built/Renovated
1989/1995
Price
$1,102,414
Price Per SF
$415.07
Cap Rate
7.25%
NOI
$79,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.42 AC
Zoning
C - Commercial
Frontage
123’ on 2nd Ave N
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 02-3016-09-1-02-20-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $689,300 |
Property Taxes
Parcel Number
02-3016-09-1-02-20-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$689,300
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Pizza Hut | 4900 2nd Ave N
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