749 20Th StBillings, MT 59102

Property Details for 749 20Th St

Lot size

1.00 AC

Zone code

CI

Property type

Land

Property subtype

Commercial land

APN

03-0927-07-4-01-09-0000

APU

3092707401090000

Description

This exceptional investment opportunity presents a 2,704 square foot, free-standing QSR/fast-food building in Billings, Montana, currently occupied by BW Blacksmith Coffee under a 15-year absolute NNN lease with rent bumps. The property, situated on a 0.78-acre lot and recently renovated in 2023, boasts a strong 6.50% cap rate and a substantial NOI of $121,680. Its prime location on South 20th Street West near King Avenue benefits from high daily traffic volume (49,646 vehicles) and proximity to I-90. The surrounding area features a dense concentration of major retailers including Costco, Walmart, Lowe's, and Home Depot, ensuring significant cross-traffic. Furthermore, its strategic location near Montana State University Billings, City College, and two hospitals creates a diverse and substantial customer base. The presence of eight hotels within a one-mile radius, totaling 709 rooms, provides an additional source of consistent foot traffic. The rapidly growing Billings market, with a population of 94,280 within a five-mile radius and an average annual household income of $85,288, projects further growth, making this a compelling investment opportunity. The tenant, BW Blacksmith Coffee, is a thriving private company with 13 locations across Montana, Georgia, and Florida. This offering is ideal for a 1031 exchange. The asking price is $1,872,000.

• Alternative Use

  Use

  Valuation

  Residential

  $11,073,467

  Hospitality

  $10,143,236

  Educational

  $8,439,054

  Medical

  $8,729,286

  Retail

  $13,127,417

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7578

Longitude

-108.566

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].