Walgreens | Absolute NNN Investment | Billings, MT
Absolute NNN Investment | Billings, MT
Marketing description
Walgreens Absolute NNN Investment | Billings, MT | Corporate-Guaranteed Lease | Fee Simple Ownership | For Sale $5,060,000
Exceptional opportunity to acquire a single-tenant, absolute NNN investment property fully leased to Walgreen Co. at 1330 Grand Avenue in Billings, Montana — the largest city in Montana and the region's dominant commercial hub. Priced at $5,060,000, this investment features a corporate-guaranteed lease with Walgreen Co. (Fortune 500 national credit tenant) and delivers predictable passive cash flow with zero landlord responsibilities under an absolute triple-net (NNN) lease structure — an ideal acquisition for NNN investors, 1031 exchange buyers, and passive income portfolios.
The freestanding Walgreens pharmacy is positioned on Grand Avenue with 15,000+ vehicles per day, offering an A+ retail site with prime visibility and strong surrounding co-tenancy including Albertsons, CVS, Harbor Freight, ACE Hardware, and O'Reilly's. The property also benefits from FedEx and Western Union on-site services, driving consistent daily foot traffic. Billings serves as the commercial, medical, and services center for southeastern Montana and northern Wyoming, providing a stable and growing trade area.
Key Investment Metrics: Asking Price $5,060,000 | Lease Type Absolute NNN | Tenant Walgreen Co. (corporate guarantee) | Location 1330 Grand Ave, Billings, MT | Traffic ±15,000 VPD | Market Billings, MT (Montana's largest city)
Ideal for: NNN investors, 1031 exchange, passive income buyers, single-tenant retail investment, Montana commercial real estate, pharmacy sector investments, net lease portfolio acquisitions.
Investment highlights
- Absolute NNN Walgreens Investment – Corporate-guaranteed lease with Walgreen Co. (Fortune 500) and zero landlord responsibilities
- Strong 10% Cap Rate with Long-Term Lease – Reliable, predictable passive income secured by one of America's largest pharmacy operators
- Prime Grand Avenue Corridor – 15,000+ VPD, A+ retail site with direct access and strong surrounding co-tenancy including Albertsons, CVS, and Harbor Freight
- FedEx and Western Union On-Site – High-frequency convenience services driving consistent daily customer traffic
- Fee Simple Ownership in Billings, MT – Montana's largest city and primary commercial center with growing healthcare and energy sector economy
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