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28956901
28956902

6904 Corvette Ave, Billings, MT 59106

CM
MT RRE-RBS-LIC-123489
NAI Business Properties
NAI Business Properties
Listed by NAI Business Properties
$129,000
168 days on market
Updated 85 days ago

6904 Corvette

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 1,280
Net Rentable (SqFt) 1,280
Units 1
Cap Rate 6.05%
NOI $7,800
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 1.1
Lease Expiration 04/30/2027
Remaining Term 0.9
Rent Bumps Yes
Price per SqFt $101
Broker Co-Op Yes
Year Built 2023
Buildings 1
Lot Size (SqFt) 4,277
Investment Type Net Lease
Lease Commencement 04/01/2026
Occupancy Date 03/01/2025
Ceiling Height 10

Industrial | 6.05% CAP | 1,280 SqFt

Marketing description

Located within Shop World 406, Billings’ premier destination for fully customizable garage shops, this steel shop offers flexibility, function, and long-term value. Built for business, storage, adventure, and everything in between, Shop World 406 is designed with Montana lifestyles in mind, offering the freedom to create, room to grow, and the security to protect what matters most.

The property features a 1,280 sq ft steel shop on a 4,268.88 sq ft lot and is currently leased through April 30, 2027, with the option to renew the lease or transition to owner occupancy at expiration. This presents an excellent opportunity for investors or owner-users looking to convert monthly storage or lease expenses into a mortgage on an appreciating asset.

The shop includes 10 ft sidewalls, two 10 ft x 10 ft overhead doors on each end creating a convenient pull-through layout, and paved driveways in both the front and rear for easy access. A fenced outdoor storage area allows for secure storage of smaller items, while a man door and two installed security cameras enhance functionality and peace of mind. The dry, well-maintained lot supports efficient day-to-day operations.

*Selling agent has ownership in selling entity

Listing Contacts

CM
MT RRE-RBS-LIC-123489
NAI Business Properties
NAI Business Properties
Listed by NAI Business Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$7,800.00
$650.00/mo

Valuation Metrics

0
DSCR
6.05%
Cap Rate
6.05%
ROI

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Additional Information

Name
Cole Mort
License
RRE-RBS-LIC-123489
Brokerage
NAI Business Properties
Brokerage Phone
4069392431
Brokerage Address
3412 Colton Blvd
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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