BW Blacksmith Coffee | New 15-Year Abs NNN Lease
Signalized Hard Corner Site | New QSR Asset in Montana
Marketing description
Cushman & Wakefield is pleased to exclusively offer for sale BW Blacksmith Coffee & Grill, a newly constructed 1,626-square-foot coffee and grill restaurant located in Butte, Montana. This property features a new 15-year absolute NNN lease to BW Blacksmith, a rapidly growing coffee chain with 13 locations in Montana, Georgia, and Florida. The lease includes 10% rental increases every five (5) years through the initial term and two (2) option periods of five (5) years each, delivering steady growth through the life of the lease.
The property is strategically positioned at the signalized four-way intersection of Harrison Avenue & Cobban Street, which experiences a high traffic count of 19,000+ vehicles per day. The site's location directly north of Interstate 90 and directly west of Interstate 15 allows for the property to capture significant additional local and commuter traffic. The property is surrounded by a strong mix of local and national retailers that drive the region's economic activity, including Safeway, Rent-A-Center, Fairfield Inn, Holiday Inn, Wingate by Wyndham, McDonald's, Starbucks, and many more.
The absolute NNN lease structure provides a fully passive investment, with the tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot. This investment offers a 6.50% cap rate with projected income increases within 1-, 3-, and 5-mile radii over the next five years, positioning this BW Blacksmith location and Butte for steady concurrent growth.
Investment highlights
- New 15-year absolute NNN lease to BW Blacksmith, a rapidly growing coffee chain with 13 locations in Montana, Georgia, and Florida.
- 10% rental increases every five (5) years through the initial term and two (2) option periods of five (5) years each deliver steady growth through the life of the lease.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- BW Blacksmith has implemented a subscription-based coffee service, a key growth milestone that typically increases customer lifetime value and revenue stability.
- Streamlined layout in 1,626-SF building minimizes upkeep while maximizing service speed, aligning with consumer demand for convenience.
- 0.47-acre parcel ensures efficient parking and smooth customer access, fitting Butte's fast-paced demographic.
- High-visibility and easily accessible location at the signalized four-way intersection of Harrison Avenue & Cobban Street, which experiences a high traffic count of 19,000+ vehicles per day.
- The site's location directly north of Interstate 90 and directly west of Interstate 15 allows for the property to capture significant additional local and commuter traffic.
- Located amongst several high-density housing tracts and developments, ideal for high-traffic QSR operations.
- Surrounded by a strong mix of local and national retailers that drive the region's economic activity, including Safeway, Rent-A-Center, Fairfield Inn, Holiday Inn, Wingate by Wyndham, McDonald's, Starbucks, and many more.
- 32,992 residents live within five miles of the property, marking a steady increase since 2010.
- Average annual household income of $70,734 within a five-mile radius.
- Central location at the confluence of multiple major Montana thoroughfares, including Interstate 90, 15, and 115.
- Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this BW Blacksmith and Butte for steady concurrent growth.
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