For Sale
$2,145,000

567 Us-93 Eureka, MT 59917

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 10,640 square foot Dollar General store, built in 2023, situated on a 1.976-acre lot at 567 US-93, Eureka, MT 59917. The property boasts a 15-year absolute NNN lease commencing September 15, 2023, and expiring September 30, 2038, with a remaining term of 14 years. The lease includes a 5% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $134,052, yielding a 6.25% cap rate on the asking price of $2,145,000. The tenant, Dollar General Corporation (NYSE: DG), is investment-grade credit rated and provides a full corporate guarantee. This single-tenant property benefits from its location on US Route 93, a major thoroughfare with high daily traffic volume (6,723 vehicles per day), and its proximity to the US/Canada border and Banff National Park. The store features Dollar General's large-format model and ample parking (50 stalls). This is a 1031 exchange eligible property. Projected growth in the area further enhances the investment potential. The property is a high-quality, upgraded construction, representing a secure and profitable investment.

Highlights

  • High-traffic location on US Route 93/Dewey Avenue, averaging 6,723 vehicles per day.
  • Excellent visibility and accessibility on a major north-south thoroughfare connecting Arizona and British Columbia.
  • Prime location, only 7.5 miles from the US/Canada border, serving as the closest Dollar General to Canada in Montana.
  • Strong projected growth: 18% income increase anticipated within 5, 10, and 15-mile radii over the next five years.
  • Brand new, 2023 construction; large-format Dollar General with 50 parking spaces.

Property Details for 567 Us-93

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2023
Lot Size (sq. ft)
86,075 SF

Location Insight

City
Eureka
County
Lincoln
State
Montana
Latitude
48.8911369
Longitude
-115.0581674

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 567 Us-93 Eureka, MT.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: High-traffic location on US Route 93/Dewey Avenue, averaging 6,723 vehicles per day.; Excellent visibility and accessibility on a major north-south thoroughfare connecting Arizona and British Columbia.; Prime location, only 7.5 miles from the US/Canada border, serving as the closest Dollar General to Canada in Montana.
How can I contact the broker?
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567 Us-93
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