For Sale
$1,246,000

2955 Prospect AveHelena, MT 59601

High-Yield Pizza Hut NNN Lease in Montana

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 2955 Prospect Ave, Helena, Montana, 59601. The property boasts a prime location on a signalized hard corner intersection, offering high visibility and accessibility. Its strategic proximity to Interstate access, a Walmart Supercenter, and a hospital ensures consistent high traffic volume and customer base. The 2,588 square foot building, constructed in 1995, sits on a 0.56-acre lot and is currently 100% occupied under a lease with 14.7 years remaining. The lease features attractive 1.50% annual rent bumps, providing consistent rental income growth. The current asking price is $1,246,000, representing a price per square foot of $481.45 and a strong 6.75% cap rate based on a Net Operating Income (NOI) of $84,129. This is a rare opportunity to acquire a well-performing, low-maintenance, and highly desirable net lease property in a strong Montana market. The property's strong tenant, prime location, and long-term lease make it an ideal addition to any investment portfolio. The single-story building offers a straightforward and easily managed investment.

Highlights

  • $1,246,000 asking price for a 2,588 SF Pizza Hut in Helena, MT.
  • Absolute NNN net lease with 14.7 years remaining.
  • 6.75% cap rate with a $84,129 annual NOI.
  • Located on a signalized hard corner intersection near I-?, Walmart, and a hospital.
  • 1.5% annual rent increases.

Property Details for 2955 Prospect Ave

Property type
Retail properties, Restaurants
Square Feet
2,588 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Helena
County
Lewis and Clark
State
Montana
Latitude
46.5905586
Longitude
-111.9883025
2955 Prospect Ave, Helena, Montana

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2955 Prospect Ave
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