For Sale
$2,150,000

1780 Shiloh RdBillings, MT 59106

Billings, MT Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Billings, Montana retail investment opportunity presents a 10,400 square foot, single-story shopping center situated on a prominent corner lot at 1780 Shiloh Road. Built in 2004, the Class B property features seven individual units, currently 80% occupied, with six tenants under NNN leases. Each tenant pays a common area maintenance (CAM) charge and management fee, contributing to a strong net operating income (NOI) of $120,245 and a 5.59% capitalization rate. The property boasts a highly visible monument sign on a major thoroughfare with 13,523 vehicles passing daily. The zoning is NMU (Neighborhood Mixed-Use), allowing for flexibility. The 39,878 square foot lot provides ample space, including 46 parking spots. The property's mix of office and retail space caters to diverse tenant needs. Located near new commercial developments, including a City Brew, this center offers a compelling investment opportunity with significant potential for growth and return. The asking price is $2,150,000, translating to $206.73 per square foot. A 1031 exchange may be possible.

Highlights

  • 10,400 SF retail shopping center with 7 units.
  • Prominent monument signage on Shiloh Road.
  • 5.59% capitalization rate with $120,245 NOI.
  • NNN leases with tenants paying CAM and management fees.
  • 6 of 7 units currently leased.
  • 1031 exchange possible.

Property Details for 1780 Shiloh Rd

Property type
Lifestyle centers, Power centers
Square Feet
10,400 SF
Class
B
Year Built
2004
Buildings
1
Stories
1
Units
7

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.787172192698
Longitude
-108.61798711214
1780 Shiloh Rd, Billings, Montana

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1780 Shiloh Rd
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