29 1st Street Northeast, Choteau, MT 59422 For Sale

Mitchell Peters

MT RRE-RBS-LIC-45231

Brenda Stark

PRO

RRE-RBS-LIC-70893

Listed by Keller Williams Northern Montana Realty, Keller Williams Capital Realty

$4,900,000

77 days on market

Updated 11 days ago

Rex's Market

Details

APN

36256816217100000

Property Type

Mixed Use, Retail

Sub Type

Restaurant, Grocery Store (+1)

Square Footage

4,144

Cap Rate

8.51%

Occupancy

100%

Year Built

1961

Buildings

Acreage

0.952

Zoning

Commercial

Ground Lease

Sale Condition

For sale by owner

"Your One-Stop Shop for Fresh & Quality Groceries"

Marketing description

Three - Turnkey Business Opportunity in Thriving Communities-Rex's Market, Choteau MT - 4 lots, 1.56 acres, R&L Eagle Grocery, Fairfield MT, 1 lot, 0.161 acres & D's Supermarket, Stanford MT, 4 Lots, .95 acres. These well-established stores boasts strong community ties & significant potential for expansion. Perfect for: Family-operated businesses, Owner-operators, Entrepreneurs seeking a low-maintenance, community-focused enterprise. Features include: Fresh meat and produce departments - Off-premise liquor license (transfer required) - Lottery license (transfer required) - Inventory included. Add'l Details: Main grocery supplier: Associated Food Stores (buyer must coordinate for continued service). The business has steady revenue streams in a supportive neighborhood setting. Inquire today to learn more regarding this exceptional opportunity to step into a trusted & profitable business! WIC & EBT DSD Credit application approval needed 10 days by Montana law to pay all Alcohol delivers

Investment highlights

1. **Strong Local Customer Base**: Serves a loyal and recurring customer base within the community, ensuring steady revenue flow.

2. **Underserved Market Niche**: Fills a vital gap in local grocery options, reducing competition and increasing customer loyalty.

3. **Consistent Cash Flow**: Essential service providing daily necessities, leading to reliable and predictable income.

4. **Community Engagement**: High community involvement fosters strong relationships and brand loyalty, boosting long-term stability.

5. **Potential for Growth & Expansion**: Opportunities to expand product lines, introduce organic or specialty items, or develop online ordering services.

6. **Low Inventory Risk**: Inventory turnover is typically high, reducing risks associated with unsold stock.

7. **Resilience During Economic Fluctuations**: As an essential service, grocery stores tend to be more resilient during economic downturns.

8. **Local Support & Funding Opportunities**: Access to community grants, local support programs, and potential partnerships.

9. **Operational Flexibility**: Smaller size allows for efficient management, personalized customer service, and quick adaptation to market changes.

10. **Potential for Value-Add Initiatives**: Opportunities to introduce in-store services like catering, delivery, or loyalty programs to increase revenue streams.