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29445225
29445226

330 1st St W, Havre, MT 59501

CS
CA CA 02128480
Matthews
Listed by Matthews
$2,521,000
45 days on market
Updated 45 days ago

Pizza Hut | ±13 Years Remaining | Absolute NNN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,847
Cap Rate 7.50%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $655
Year Built 1998
Buildings 1
Stories 1
Acreage 0.850
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/01/2024
Ownership Fee Simple

1.5% Annual Increases | 3,847 SF | Absolute NNN Lease

Investment highlights

  • Long-Term Absolute Net Lease (NNN): With ±13 Years Remaining on an Absolute NNN Lease, This Opportunity Provides Passive Income with Additional Security of Four, 5-Year Option Periods.

  • Franchisee Background: Operated by Grand Mere Restaurant Group, with Over 129 Locations Across 9 States.

  • Annual Increases: The Lease Benefits from 1.5% Annual Increases, Providing Steady Rent Growth.

  • Well-Positioned Location: Havre, MT Serves as the Primary Regional Hub for Montana’s Hi-Line, Concentrating County Services, a State University, Healthcare, and Highway 2 Traffic into a Stable Trade Area That Supports Consistent Demand for Quick-Service Dining.

  • Strategic Trade Area: The Subject is Located ±1.6 Miles from Montana State University – Northern, and is Proximate to Multiple Hotels, Helping to Increase Foot Traffic and Store Revenue.

Listing Contacts

CS
CA CA 02128480
Matthews
Listed by Matthews

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Additional Information

Name
Brian Brockman
License
RRE-BRO-LIC71129 (MT)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
11427 Reed Hartman Hwy Suite 236, Cincinnati, OH 45241
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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