Three-Tenant Retail Investment - Kalispell, MT
For Sale | 100% Leased Retail Center with 12+ Year WALT | $105/SF | Kalispell, MT
Marketing description
This property offers investors the opportunity to acquire a stabilized three-tenant retail asset in the high-growth Kalispell, Montana trade area. Tractor Supply and Dunham’s Sports have backfilled a former K-Mart building with long-term leases, providing more than 12 years of weighted average lease term (WALT) and secure, predictable cash flow. A newly executed 10-year ground lease with 7 Brew will introduce a drive-thru outparcel, enhancing site traffic, improving pad activation, and further strengthening the asset’s long-term income profile. With excellent access, visibility, and Highway 2 frontage in one of Montana’s fastest-growing trade areas, the asset combines durable in-place income with additional upside potential for investors.
Investment highlights
100% Leased Fully occupied by three national retailers.
Dunham’s Low Rent $6.79/SF gross rent supports long-term stability.
Below Replacement Cost Priced at $103/SF—well below replacement cost.
Long-Term Leases 12+ years WALT provides stable income.
High-Growth Market Kalispell population up 25% since 2020; growing ~5% annually.
NOI Growth All tenants feature 5–10% rent increases every 5 years.
Same Store Scarcity Nearest Tractor Supply 127 miles away; Dunham’s 670 miles away.
Prime Location Highway 2 & 35 frontage with ~42,000 VPD.
8.52-Acre Site Rare large site at a low basis in Kalispell.
New 7 Brew Lease 10-year drive-thru coffee lease with 10% rent bumps every 5 years.
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