For Sale
$1,154,000

1640 Main St Lewistown, MT 59457

High-Yield Pizza Hut, 14.7 Years Left

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1640 W Main St, Lewistown, MT 59457. Boasting significant street frontage along US Highway 87, this 3,243 square foot building sits on a 0.68-acre lot and features a convenient drive-thru. Built in 1975 and renovated in 1995, the property enjoys 100% occupancy with a strong Pizza Hut tenant. The current lease boasts a remaining term of approximately 14.7 years, with annual rent increases of 1.5%. The asking price is $1,154,000, representing a compelling price per square foot of $355.84 and a 6.75% cap rate. The property generates a substantial net operating income (NOI) of $77,885 annually. This is a rare chance to acquire a well-established, passively managed investment with a nationally recognized brand in a prime location. The one-story building offers a stable and predictable income stream, making it an ideal addition to any diversified portfolio. The property's location on a major highway ensures high visibility and accessibility, contributing to its consistent performance. This is a turnkey investment ready for immediate cash flow.

Highlights

  • High-visibility location with significant frontage on US Highway 87.
  • 15-year lease remaining.
  • Features a drive-thru.

Property Details for 1640 Main St

Property type
Retail properties, Restaurants
Square Feet
3,243 SF
Year Built/Renovated
1975/1995
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Lewistown
County
Fergus
State
Montana
Latitude
47.0562873
Longitude
-109.4414483

FAQs

What type of property is this?
Retail property - High-Yield Pizza Hut, 14.7 Years Left
Where is the retail property located?
The property is located at 1640 Main St Lewistown, MT.
What is the asking price?
The asking price for this property is $1,154,000.
What are key features of this property?
This property features: High-visibility location with significant frontage on US Highway 87.; 15-year lease remaining.; Features a drive-thru.
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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1640 Main St
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