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135 NORTHWEST BYP Great Falls MT 59404-4119

[Locked] • APN 02301502101010000

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Details
Property Type Retail
Sub Type Shopping Center
Building SqFt 67,763
Lot SqFt 250,132
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-2
Year Built 1979
Building Count 2
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Shopping Center
Marketing Description

CLICK HERE FOR COMPLETE OFFERING MEMORANDUM: https://bit.ly/WestwoodPlaza_GreatFalls

Investment Highlights
  • Westwood Plaza is a 69,909 Square-Foot Shopping Center 100% Occupied by National Corporate Tenants:

    • TJ Maxx (NYSE: TJX; S&P: A) - Top 20% performing TJ Maxx in Montana

    • Staples (NYSE: SPLS) - #1 ranked Staples in Montana

    • Dollar Tree (NYSE: DLTR) - Top 20% performing Dollar Tree in Montana

    • ULTA Beauty (NASDAQ: ULTA) - Net sales increased 18.3% and net income rose 26% in 2022

  • Stable and Secure Investment with Long-Term Historical Occupancy:

    • Landlord favorable NNN leases with scheduled rental increases

    • 86% of the occupied square footage has been at the property for 6 years or more

    • 39% of the occupied square footage has been at the property for over 15 years

  • Outstanding Regional Location in North Central Montana: Westwood Plaza is ranked in the top 7% of all shopping centers in Montana (Placer.ai) and is surrounded by high-performing complementary national tenants that generate significant daily customer traffic and draw from a large regional trade area

  • Immediate Upside Potential to Lease a Highly Desirable Vacant Lot to a Single-Tenant Pad User: An approximate 0.89 acre parcel is ideally situated between Domino’s Pizza and Sherwin Williams, along Northwest By-Pass that features outstanding exposure, identity and frontage immediately across the street from Montana ExpoPark

  • Excellent Accessibility, Identity and Visibility: Westwood Plaza is ideally located at the high traffic intersection of NW Bypass and 3rd Street NW (50,900 CPD)

  • Westwood Plaza is Strategically Located Directly Across the Street from Montana ExpoPark (Over 450,000 Annual Visitors): The 133-acre ExpoPark is home to the Montana State Fair and hosts annual events including concerts, horse races, sporting events, trade shows, rodeos, auctions, dances, and regional conventions

  • Great Falls is the 2nd Most Affordable and 3rd Most Populous City in the State of Montana: Cascade County’s GDP increased more than 10% in 2022 and serves as the retail, entertainment, healthcare, and educational hub for North Central Montana

  • Montana is the 2nd Fastest Growing State in the Mountain West and 6th Fastest Growing State in the U.S.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
BA
Bill Asher PRO
•••.•••.7684
••sher@••••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
BV
Beau Velten PRO
•••.•••.7692
•••lten@••••••.com
Brokerage logo
Listing removed on
 BY:
SR
Scott Reid PRO
•••.•••.6578
••••ings@•••••••••••.com
Brokerage logo

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