The Osborne - Downtown Legacy Investment
Core Trophy Mixed-Use | 6.1 Years of WALT
Marketing description
We are pleased to present a generational opportunity to acquire The Osborne, a premier mixed-use asset located on East Main Street in Downtown Bozeman, Montana. Delivered in 2020 and designed by award-winning Locati Architects, this four-story, 33,044-square-foot building represents the only recent ground-up development on Bozeman’s core Main Street corridor – combining best-in-class construction, architectural excellence, and long-term income stability.
The Osborne features a curated tenant mix of high-end retailers, premier dining, executive office suites, and a rooftop telecommunications lease. All tenants operate under long-term leases with annual increases, including NNN structures throughout.
Located in the heart of one of the fastest-growing and most affluent micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
Investment highlights
- Trophy Downtown Asset – Located on Main Street, Montana’s Most Prestigious Retail Corridor
- New Construction (2020) – Designed by Award-Winning Locati Architects and Built to the Highest Standards
- Tax Advantaged – Several Million Dollars of Leasehold Improvements & FF&E Included
- Opportunity to Write-Off Substantial Portion of Price by Depreciating Assets Through Bonus Depreciation
- Diversified, Multi-Tenant Income – High-End Clothing Retailers (STIO & Belle Shops), Premier Dining (Brigade, est.1864), Executive Suites (Regus – LON: IWG), and Rooftop Cell Lease (T-Mobile – NASQAQ: TMUS)
- Stable Cash Flow – Long-term NNN Leases (5.5 Years of WALT) with Significant Annual Increases Across Tenant Mix
- Rapid Market Growth – Bozeman Population has Exploded by 60%+ Since 2010 – Outpacing Nearly Every Micropolitan Market Nationwide
- 1 Hour to Big Sky, MT – Global Luxury Vacation Destination – Includes Big Sky Resort (Ikon Pass), Yellowstone Club, Montage Big Sky, Spanish Peaks Mountain Club, and the upcoming 6-Star Ski Resort One&Only Moonlight Basin
- Major Tourism Hub – 4.5M+ Yellowstone Visitors Annually – Bozeman Yellowstone Airport (BZN) is 15 Minutes Away & is Montana’s Busiest Airport
- Supply-Constrained Submarket – Only New Ground-Up Development on Main Street’s Core Stretch
- Major Employer Headquarters Nearby: Oracle (RightNow), Gibson Guitars, Schedulicity, Simms Fishing, OnX Maps, Murdoch’s Ranch & Home Supply, Snowflake Inc. – “#1 Micropolitan Area with the Strongest Economy” (POLICOM)
- Proximity to Montana State University (MSU) – 17,000+ Students; Largest University in the State with Major Research and Innovation Centers
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