1305 Hwy 2Kalispell, MT 59901

Property Details for 1305 Hwy 2

Year built

2016

Lot size

3.11 AC

Property size (Sq ft)

14,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple ownership of a 14,000-square-foot Fuel Fitness center in Kalispell, Montana. The property boasts a strong 8-year absolute net lease, providing secure passive income with no landlord responsibilities. Built in 2016, the fitness center features high-quality finishes and enjoys 100% occupancy. The current annual net operating income (NOI) is $241,800, yielding a 6.75% cap rate, projected to increase to 6.92% in 2026. The asking price is $3,582,222, translating to $255.87 per square foot. Situated on a 3.11-acre lot, the property includes over an acre of developable land, offering significant value-add potential. Its prime location directly on US Highway 2 (16,000+ vehicles per day) and near US Highway 93 (21,000+ vehicles per day) ensures high visibility and accessibility. The surrounding area demonstrates robust population growth, exceeding 24% since 2010 within a 5-mile radius, with average household incomes surpassing $72,000. Rent bumps of $500 per month are scheduled for year 10. This property offers a compelling combination of secure income, development potential, and location in a thriving market.

Location Insight

City

Kalispell

County

Flathead

State

Montana

Latitude

48.1991

Longitude

-114.336

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