For Sale
$1,194,000

903 California AveLibby, MT 59923

High-Yield Pizza Hut NNN Lease, Montana

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut property located at 903 California Ave, Libby, MT 59923. The 3,756 square foot building, constructed in 1999 and renovated in 2010, sits on a 0.66-acre lot at a signalized hard corner intersection, offering excellent visibility and accessibility. The property boasts a drive-thru, enhancing operational efficiency and customer convenience. The current lease with Pizza Hut has a remaining term of 14.7 years, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, ensuring consistent growth in rental income. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $80,595, resulting in a compelling 6.75% cap rate. The asking price is $1,194,000, translating to a price per square foot of $317.89. This is a 100% occupied, single-story building offering a secure and lucrative investment opportunity in a desirable location. The property's strategic location and established tenant make it an attractive proposition for investors seeking a stable, high-yield, net-leased asset. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.

Highlights

  • Signalized hard corner intersection.
  • 14.7-year remaining lease with Pizza Hut.
  • Drive-thru.

Property Details for 903 California Ave

Property type
Retail properties, Drug stores
Square Feet
3,756 SF
Year Built/Renovated
1999/2010
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Libby
County
Lincoln
State
Montana
Latitude
48.3878905
Longitude
-115.5555734
903 California Ave, Libby, Montana

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903 California Ave
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