For Sale
$2,400,000

40 14Th St Helena, MT 59601

Prime Helena location, strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 5,608-square-foot Class A executive office condo located at 40 West 14th Street in Helena, Montana. The property, built in 1999 and extensively renovated in 2022, is situated within the thriving Great Northern Town Center, surrounded by a vibrant mix of restaurants, a movie theater, financial services, a hotel, convention center, and ample parking. The single-unit condo boasts 100% occupancy with a long-term tenant, D.A. Davidson, under a Net Net + (NN+) lease with a remaining term of nine years, expiring December 30, 2031. The lease includes a 1.5% annual rent increase, providing consistent income growth. The current monthly rent is $10,772. The property is zoned for commercial use and offers a five-year renewal option. This owner-user investment provides a secure and stable income stream, benefiting from the tenant's long-standing presence (since 1999) and recent significant renovations. The seller covers monthly condo and management fees, while the tenant is responsible for taxes, insurance, and all utilities. This is a rare opportunity to acquire a high-quality, well-located commercial property in a rapidly developing area of Helena, Montana. The property is a single-story building within a larger complex. Ownership is 100%.

Highlights

  • Long-term tenant with new lease expiring 12/31/31.
  • Recently completed (2022) extensive tenant improvements.
  • Seller pays condo fees and management fees; tenant pays NNN (taxes, insurance, utilities).
  • Current rent: $10,772 per month.

Property Details for 40 14Th St

Property type
Office properties
Square Feet
5,608 SF
Class
A
Year Built/Renovated
1999/2022
Buildings
1
Stories
1
Units
1

Location Insight

City
Helena
County
Lewis and Clark
State
Montana
Latitude
46.5965532
Longitude
-112.0374054

FAQs

What type of property is this?
Office property - Prime Helena location, strong tenant, long lease.
Where is the office property located?
The property is located at 40 14Th St Helena, MT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Long-term tenant with new lease expiring 12/31/31.; Recently completed (2022) extensive tenant improvements.; Seller pays condo fees and management fees; tenant pays NNN (taxes, insurance, utilities).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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40 14Th St
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