• sq ft 9,639 SF
  • Property Type investment-property
  • Brochure

Description

*Triple Net Lease Perkins Real Estate for Sale $1.85 million
*CVS as co-tenant
*7.05% CAP rate
*9+ years left on lease
*New roof installed in 2017
*Perkins restaurant has been in business at this locations since 1988
*Located on a main artery with great visibility & signage
*Financials available with signed NDA

This Perkins has an ideal location with great real estate in Billings, MT. Located in the prime Medical and retail corridor, this location has high traffic counts with 18,000+ cars per day on North 27th Street. Many area attractions & amenities are in close proximity including Dehler Park, Starbucks, City Brew, Hospitals, Hotels, Local & National Banks, CVS, FedEx, Albertsons, Hardees, KFC, Montana State University Billings, Gas Stations & is a stones throw from Downtown Billings. Outside magazine ranked Billings as the #1 best place to live in the US. As the largest city in Montana, Billings boasts a population of 110,000 people and has very strong demographics. Billings has enjoyed a 6% growth rate since the last census and level, consistent growth over the last 20 years. This absolute NNN Perkins offers investors a great opportunity to own a “mailbox money” investment vehicle. The property has a strong lease structure with 9+ years remaining and no landlord responsibilities.

Brochure

View Brochure

Details

  • Year Built: 1960
  • Renovated: 1998
  • Land Area: 36,865 SF
  • Zoning: Community Commercial