600 Central AveSidney, MT 59270

Property Details for 600 Central Ave

Year built

2023

Construction

STEEL FRAME

Lot size

1.98 AC

Property size (Sq ft)

10,738 SF

Property type

Auto shops

APN

27-3444-28-3-05-08-0000

APU

27344428305080000

Description

This exceptional investment opportunity presents a brand-new, 20-year absolute triple-net (NNN) ground lease with a prominent Les Schwab Tire Center in Sidney, Montana. Located at 600 N Central Ave, this 10,482 square foot auto shop and storefront sits on a 1.97-acre lot and boasts a high-visibility corner location with excellent access to 7,780 vehicles daily. The lease commenced January 11, 2024, and expires January 31, 2044, offering a remaining term of 19.5 years. The property benefits from built-in rent bumps and is situated in a thriving commercial corridor near major retailers like Albertsons and Shopko, ensuring consistent customer traffic. The strong local demand is further amplified by its proximity to residential communities and daily commuters. The property's strategic location offers easy access from North Central Ave and 6th Street Southwest. This investment provides a stable, long-term income stream with a current Net Operating Income (NOI) of $85,175 and a 4.75% cap rate. The tenant, Les Schwab Tire Centers, a well-established national brand with over 500 locations and annual sales exceeding $2 billion, provides a strong credit tenant with a proven track record. The lease includes six five-year option periods with 10% rental increases, offering inflation protection. This property is ideally suited for a 1031 exchange. The asking price is $1,794,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,771,394

  6.5%

  $3,481,287

  7%

  $3,232,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,105,565

  Geo Method

  $2,235,677

• Alternative Use

  Use

  Valuation

  Residential

  $2,936,596

  Hospitality

  $2,689,906

  Educational

  $2,237,970

  Medical

  $2,314,938

  Retail

  $3,481,287

Location Insight

City

Sidney

County

Richland

State

Montana

Latitude

47.7221

Longitude

-104.154

Property Tax & Assessments

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