Description
* Triple Net Leased Industrial Investment Property
*For Sale $845,000
*New 5 Year Lease with 2.5% Escalators
*9% Cap Rate
*NOI = $76,050/yr
*9,420 SF Industrial Building
*1.51 Acres of Land
*Building was Built in 1950, Renovated in 1992
*Includes 2 qty $400/mo Mobile Home Pad Sites Leased by BevCo Countertops (Tenant Owned Mobiles)
*2 Space Mobile Home Infrastructure added in 1985
*BevCo Lease is Triple Net with Yearly NNN Adjustments
*Tenant is Responsible for 100% of Interior Maintenance & All Maintenance on Mobile Homes
*Landlord is Responsible for Roof, Exterior Walls and Foundation Only
1627 Dickie Rd is home to BevCo Countertops which has been a tenant at this location since 1990. With a brand new 5 year triple net lease and close to zero maintenance responsibilities from the landlord, this investment property is perfect for any investor looking for a true mailbox money investment. The 2 mobile homes located on the property are owned by BevCo Countertops and used for employee housing. BevCo pays $400/mo lot rent for each mobile home and is responsible for the maintenance of those mobile homes.
Address
- Country: United States
- Province / State: Montana
- Postal code / ZIP: 59101
- Property ID 17260
- Price $845,000.00
- Property Type Industrial, Office, Retail
- Property status For Sale
- Year Built 1950
- Size 9,420 sf
- Land area 1.51 ac
- Zoned Outside City Limits
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