1200 10TH AVE S Great Falls MT 59405-4413

MONTANA BROKER OF RECORD .. SCOTT DeYOUNG... MT RRE-BRO-LIC 98615

Faris Lee Investments is pleased to present an exceptional opportunity to acquire a high performing, multi-tenant retail property strategically positioned in the heart of Great Falls, Montana. Located within Holiday Village Mall, the only regional enclosed mall in Northwest Montana, this asset serves as a premier destination for shopping, dining, and entertainment. Positioned along 10th Avenue S (35,000 VPD)—the most trafficked arterial in Great Falls—the property benefits from unmatched visibility and accessibility, attracting over 2.6 million annual visitors (Placer.ai). Surrounded by high-volume national retailers such as Target, Albertsons, Walmart Supercenter, and The Home Depot, the property is at the center of a thriving retail ecosystem that drives consistent customer traffic.

The property features a diverse and creditworthy tenant mix, including Harbor Freight Tools, JOANN Fabric and Crafts, and Fit Life Health Clubs, three recognized brands with proven operational strength. Harbor Freight Tools, with 1,500+ locations and $8 billion in 2024 revenue, is the only location within a 90+ mile radius, ensuring strong regional demand and customer loyalty. JOANN Fabric and Crafts, with 830+ stores and $2.2 billion in revenue, has been a cornerstone of the Great Falls community for over 30 years, demonstrating consistent success, and has recently relocated to this modern, upgraded space. As the only JOANN within a 90+ mile radius, it solidifies its market dominance. Fit Life Health Clubs, the only full-service health club in Great Falls, fills a key market gap and projects $11 million revenue with plans to develop 22 new locations

by 2028, underscoring its financial strength and impressive growth trajectory.

The property is fully leased with long-term NNN leases, the earliest executed in 2019 and others signed more recently. These leases feature built-in rental increases every five years and include multi-option periods, ensuring steady income growth and income stability for years to come. The favorable lease structures minimize landlord responsibilities, offering a stable investment opportunity with predictable cash flow. Priced well below replacement cost at under $162/SF, this property also delivers significant intrinsic asset value.

The property’s location within a thriving retail corridor further enhances its long-term success. Great Falls is experiencing steady residential and commercial growth, fueled by its affordability, high quality of life, and increasing demand for regional retail amenities. Ongoing residential developments and a growing population continue to strengthen the consumer base, supporting economic expansion and ensuring consistent tenant performance.

This investment represents a rare opportunity to acquire a stable, high-performing commercial asset in one of Montana’s most dynamic markets. With its prime location, long-term leases, and high-profile national tenants, the property promises reliable cash flow, strong intrinsic value, and an attractive return on investment for discerning buyers.Ease Of Management – Ideal for 1031 Passive Investor

• 3 National Tenants (Harbor Freight , JOANN & Fit Life Health Club) Provide Stability with Long Term Leases

• Harbor Freight Tools: One of the fastest-growing retailers in the U.S., opening over 130 new stores annually. With more than 1,500 locations across 48 states. In 2024, the company is projected to achieve a revenue of $8 billion.

• JOANN: 830+ stores nationwide| 2023 revenue: 2.2 B. Operating in Great Falls over 30 years.

• Fit Life Health Club is rapidly expanding, with 4 clubs open and 22 more planned by 2028, targeting high-growth markets and projecting $11 million in revenue.

• High Yield Investment Opportunity

• High Visibility Anchor Tenants within Dominant Regional Mall & prime Location in Top Retail Corridor in Trade Area

View Property Video: https://vimeo.​com/643607295/6a94b23fe1

• 15+ years remain on the lease with an additional four 5-year options to renew
• Long historical occupancy; Scheels has been at this location for over 15 years
• 3-mile population of 55,000
• Very strong reported store sales; 2020 Sales: ±$28.5M ($574 PSF on active retail space)
• Excellent synergy with neighboring retailers; Next closes Scheels is Billings, MT, 220 miles away

Click here to view property video: https://vimeo.com/546074951

The Gomez Group is pleased to present for purchase the fee simple ownership a two-tenant Hobby Lobby and PetSmart asset in Great Falls, MT. Holiday Village Mall is located along Interstate 15, 90 miles north of the state capital (Helena) and 120 miles south of the Canadian border. Ranking in the top 90th percentile for foot-traffic nationwide (Placer.ai), Holiday Village Mall is the only regional mall within a 125-mile radius and is the main retail draw for residents and visitors alike.

• Sector-Leading tenants with strong Corporate Credit
• Hobby Lobby is the largest arts and crafts retailer in the US
• PetSmart is the largest specialty pet retailer in the US
• Market Dominance - Closest Hobby Lobby or PetSmart is 90 miles away
• Excellent demographics with 3-mile population of 55,000
• 6+ Years of remaining initial term with options and increases for both tenants
• Excellent synergy with neighboring retailers
• 5,300 SF vacant shell space with potential NOI upside in future leasing