2625 10Th AveGreat Falls, MT 59405

  • Retail properties
  • 4,539 SF
For Sale
$2,725,000 View listing

Property Details for 2625 10Th Ave

Year built
1990
Construction
WOOD
Lot size
1.47 AC
Property size (Sq ft)
4,539 SF
Property type
Retail properties
Property subtype
Drive through restaurants
APN
02-3016-08-3-01-02-0000
APU
2301608301020000

Description

This exceptional investment opportunity presents a fee-simple ownership of a Hardee's/Carl's Jr. quick-service restaurant in Great Falls, Montana. The property, located at 2625 10th Ave S, boasts a 4,539 square foot building on a 1.451-acre lot, built in 1990 and recently renovated. The property benefits from a highly visible location with excellent traffic counts averaging 30,377 vehicles daily, situated near major roadways, the Great Falls Medical and University corridors, and the new Great Falls Aquatic Center. The tenant, Hardee's/Carl's Jr., operates under a 20-year net lease agreement commencing August 5, 2021, and expiring August 4, 2041, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property is zoned C-2 General Commercial and offers ample parking (81 spaces per 1,000 sq ft). This single-tenant, Class B building offers a 5.50% cap rate and a current asking price of $2,725,000 ($600.35/sq ft). The property's strong tenant, prime location, and long-term lease make it an attractive investment with significant potential for return. The property features a drive-thru and excellent ingress/egress. This is a 100% occupied, single-unit property with a proven track record. The APN is 0000404910.

2625 10Th Ave, Great Falls, Montana

Location Insight

City
Great Falls
County
Cascade
State
Montana
Latitude
47.4947
Longitude
-111.261
CBSA code
24500
CBSA name
GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,942
-
-
$2,069,100
-
$1,320,850
$748,250
$2,069,100

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