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Deer Lodge,MT 59722
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,320 sqft
Price per Sqft $170
MLS Listing ID 30047840
Construction Status See Remarks
HOA Y/N No
Year Built 2019
Annual Tax Amount $13,126
Tax Year 2024
Lot Size 0.990 Acres
Acres 0.99
Property Sub-Type Retail
Property Description
Fantastic opportunity to invest in a rare offering for Montana. Most of these locations are either sold via private party or are never offered for retail sale due to their strong lease structure. Four years remain on the initial lease term with tenant options to renew six (6) times with increased rent bumps every five years. Offered at a 6% cap with term out under the current lease structure at an 8.1% cap after all options are exercised. NN+ lease structure with owner paying for taxes and insurance that are reimbursed by the tenant. Deer Lodge is a growing community with newly added investment into the state prison expansion, a 200 unit subdivision, and one of the nicest golf communities to be found in Montana create high demand for textile goods and services. Low competition market provides owner security and the newly constructed building (2019) offers little exterior maintenance for an almost entirely hands off investment. Member of selling party is licensed agent in MT.
Location
State MT
County Powell
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Fence Partial
Water Access Desc Public
Roof Type Metal
Present Use Retail
Building
Dwelling Type Retail
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status See Remarks
Others
Tax ID 28167828401010000
Special Listing Condition Standard