For Sale
$2,725,000

2625 10Th AveGreat Falls, MT 59405

Montana QSR, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a Hardee's/Carl's Jr. quick-service restaurant in Great Falls, Montana. The property, located at 2625 10th Ave S, boasts a 4,539 square foot building on a 1.451-acre lot, built in 1990 and recently renovated. The property benefits from a highly visible location with excellent traffic counts averaging 30,377 vehicles daily, situated near major roadways, the Great Falls Medical and University corridors, and the new Great Falls Aquatic Center. The tenant, Hardee's/Carl's Jr., operates under a 20-year net lease agreement commencing August 5, 2021, and expiring August 4, 2041, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property is zoned C-2 General Commercial and offers ample parking (81 spaces per 1,000 sq ft). This single-tenant, Class B building offers a 5.50% cap rate and a current asking price of $2,725,000 ($600.35/sq ft). The property's strong tenant, prime location, and long-term lease make it an attractive investment with significant potential for return. The property features a drive-thru and excellent ingress/egress. This is a 100% occupied, single-unit property with a proven track record. The APN is 0000404910.

Highlights

  • Fee-simple ownership of a Hardee's/Carl's Jr. restaurant in Great Falls, Montana.
  • 4,539 sq ft building on a 1.451-acre lot, built in 1990, recently renovated.
  • High-visibility location with 30,377 VPD, near major roadways and key area amenities.
  • 20-year net lease (8/5/2021-8/4/2041) with four 5-year options and 10% rent increases every five years.
  • C-2 zoning, 81 parking spaces per 1,000 sq ft, drive-thru, excellent ingress/egress.
  • 5.50% cap rate, $2,725,000 asking price ($600.35/sq ft).

Property Details for 2625 10Th Ave

Property type
Retail properties
Square Feet
4,539 SF
Class
B
Year Built
1990
Buildings
1
Stories
1
Lot Size (sq. ft)
63,206 SF
Units
1

Location Insight

City
Great Falls
County
Cascade
State
Montana
Latitude
47.4944483
Longitude
-111.2614685
2625 10Th Ave, Great Falls, Montana

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2625 10Th Ave
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