1518 10Th AveGreat Falls, MT 59405

Property Details for 1518 10Th Ave

Year built

1985

Construction

WOOD

Lot size

0.60 AC

Property size (Sq ft)

4,189 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

02-3016-18-2-36-10-0000

APU

2301618236100000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 1518 10th Ave S in Great Falls, Montana. The property boasts a substantial 4,574 square feet on a 0.6-acre lot, built in 2010. Currently operating at 100% occupancy, the lease features a strong 15-year remaining term with attractive 1.50% annual rent increases, ensuring consistent and growing income. The property's Net Operating Income (NOI) stands at $65,611, yielding a compelling 6.50% cap rate. The asking price is $1,009,000, translating to a price per square foot of $220.59. This is a single-story building representing a low-maintenance, passive income investment with a nationally recognized brand tenant. The property's location in Great Falls, Cascade County, Montana (zip code 59405) offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a stable, high-return investment with a long-term lease and built-in growth potential. The property's strong financials and established tenant make it a highly desirable addition to any portfolio. The absolute NNN lease structure shifts most responsibilities to the tenant, minimizing landlord obligations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,131,252

  6.5%

  $1,044,232

  7%

  $969,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,250,704

  Geo Method

  $2,250,704

• Alternative Use

  Use

  Valuation

  Residential

  $880,849

  Hospitality

  $806,853

  Educational

  $671,292

  Medical

  $694,379

  Retail

  $1,044,232

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.4939

Longitude

-111.281

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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