23 W Main StreetBelgrade, MT 59714

Description

DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY WITH A 10 YEAR LEASE AT 6.4%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $77,500+ NOI! Call on this one today.

Property Information

Property type

Commercial Sale

Year built

1904

Living area

4,000 Sq Ft

Lot size

0.07 acres

Ownership

Full

Days on market

364

MLS^® Listing#

406539

Property Features

Cooling

None

Heating

Baseboard · Central · Electric · Forced Air · Natural Gas

Parking

Paved · On Street

Utilities

Electricity Connected · Natural Gas Available · Sewer Available · Water Available

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$6,878Tax year 2024

Parcel number

RFF14583

Directions

From Main and Broadway in Belgrade, go West about 1/2 block. It is adjoining the Belgrade Mercantile building on the West side.