3639 Harrison Ave Butte, MT 59701
High-yield, long-term NNN lease investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 7,500 SF Class A auto parts retail building on 0.93 acres, located at 3639 Harrison Ave, Butte, MT.
- Absolute NNN lease with Advance Auto Parts (NYSE: AAP), a publicly traded company with a strong credit rating (S&P BBB-), for a remaining term of 9.6 years plus six 5-year renewal options.
- Tenant recently signed a 10-year lease extension and has occupied the site for nearly 13 years. Below-market rent provides upside potential.
- Prime location on Harrison Ave (22,200 VPD), within a thriving retail area with over 1 MSF of retail space and a 0.7% vacancy rate.
- Excellent accessibility with dedicated turn lane and cross access to adjacent shopping center. Strong synergies with nearby auto dealerships.
- 6.00% cap rate and $85,953 NOI. Asking price: $1,433,000 ($191.07/SF).
Property Details for 3639 Harrison Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 7,500 SF
- Class
- A
- Year Built
- 2011
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 40,511 SF
Location Insight
- City
- Butte
- County
- Silver Bow
- State
- Montana
- Latitude
- 45.9715579
- Longitude
- -112.5087949
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, long-term NNN lease investment.
- Where is the retail property located?
- The property is located at 3639 Harrison Ave Butte, MT.
- What is the asking price?
- The asking price for this property is $1,433,000.
- What are key features of this property?
- This property features: 7,500 SF Class A auto parts retail building on 0.93 acres, located at 3639 Harrison Ave, Butte, MT.; Absolute NNN lease with Advance Auto Parts (NYSE: AAP), a publicly traded company with a strong credit rating (S&P BBB-), for a remaining term of 9.6 years plus six 5-year renewal options.; Tenant recently signed a 10-year lease extension and has occupied the site for nearly 13 years. Below-market rent provides upside potential.
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