For Sale
$1,668,000

3201 Harrison Ave Butte, MT 59701

NNN Retail Center, 100% Occupied, Strong Tenants

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fully occupied, 5,807 square foot retail center in Butte, Montana. The property boasts three tenants: Spectrum, Sally Beauty, and GameStop, all operating under strong corporate-guaranteed NNN leases, minimizing operating expense risk. The center, built in 2008 and extensively renovated in 2021 (over $100,000 in improvements including a new roof, exterior paint, new fence, and parking lot lights), offers a desirable drive-thru lane with potential for future development. The asking price is $1,668,000, representing a 6.25% cap rate and a $287.24 price per square foot. The property sits on a 0.73-acre lot at 3201 Harrison Ave, enjoying a prime location near Highway 15/90 and across from Butte Plaza Mall, shadow-anchored by major retailers. GameStop recently extended its lease for two years with an additional option. Attractive seller financing is available at a 4% interest rate. The area demonstrates strong demographic growth, with a 5.5% population increase within a 3-mile radius since 2010 and projected 2% growth over the next five years. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential.

Highlights

  • Fully occupied, 5,807 SF retail center in Butte, MT with Spectrum, Sally Beauty, and GameStop as tenants.
  • Attractive seller financing at 4% interest available.
  • Recently renovated ($100,000+ in improvements including roof, exterior, and parking lot).
  • GameStop recently extended its lease for two years with an option.
  • NNN leases with strong corporate guarantees minimize operating expense risk.
  • Desirable drive-thru lane with future development potential.

Property Details for 3201 Harrison Ave

Property type
Lifestyle centers, Power centers
Square Feet
5,807 SF
Year Built/Renovated
2008/2021
Buildings
1
Lot Size (sq. ft)
31,799 SF
Units
3

Location Insight

City
Butte
County
Silver Bow
State
Montana
Latitude
45.9787617
Longitude
-112.50923848

FAQs

What type of property is this?
Lifestyle center - NNN Retail Center, 100% Occupied, Strong Tenants
Where is the lifestyle center located?
The property is located at 3201 Harrison Ave Butte, MT.
What is the asking price?
The asking price for this property is $1,668,000.
What are key features of this property?
This property features: Fully occupied, 5,807 SF retail center in Butte, MT with Spectrum, Sally Beauty, and GameStop as tenants.; Attractive seller financing at 4% interest available.; Recently renovated ($100,000+ in improvements including roof, exterior, and parking lot).
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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3201 Harrison Ave
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