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23 W Main Street

Belgrade, MT 59714

$1,200,000
Commercial Sale Listing
4,000 SqFt

Summary

DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY W/ A 10 YEAR LEASE AT 6%+ CAP RATE!Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers?This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $76,000+ NOI!Dont be the one to say You know, I could have owned a part of downtown Belgrade, MT., right on Main Street. But I hesitated when I had the chance. Dirty word, dirty word! Call on this one today.

Details

  • Type
    Building
  • Approx Sq Feet
    4,000
  • Year Built
    1904
  • Cooling
    None
  • Heating
    Baseboard, Central, Electric, Forced Air, Gas
  • Parking Features
    Paved, On Street
  • Utilities
    Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Days on Market
    8
  • Listing Courtesy of
    Realty Executives
  • MLS #
    406539

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

 

All property data and market statistics are pulled from Big Sky Country MLS.

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