2955 Prospect AveHelena, MT 59601

Property Details for 2955 Prospect Ave

Year built

1982

Construction

WOOD

Lot size

0.56 AC

Property size (Sq ft)

2,520 SF

Property type

Drive through restaurants

APN

05-1888-28-4-10-01-0000

APU

5188828410010000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 2955 Prospect Ave, Helena, Montana, 59601. The property boasts a prime location on a signalized hard corner intersection, offering high visibility and accessibility. Its strategic proximity to Interstate access, a Walmart Supercenter, and a hospital ensures consistent high traffic volume and customer base. The 2,588 square foot building, constructed in 1995, sits on a 0.56-acre lot and is currently 100% occupied under a lease with 14.7 years remaining. The lease features attractive 1.50% annual rent bumps, providing consistent rental income growth. The current asking price is $1,246,000, representing a price per square foot of $481.45 and a strong 6.75% cap rate based on a Net Operating Income (NOI) of $84,129. This is a rare opportunity to acquire a well-performing, low-maintenance, and highly desirable net lease property in a strong Montana market. The property's strong tenant, prime location, and long-term lease make it an ideal addition to any investment portfolio. The single-story building offers a straightforward and easily managed investment.

• CAP approach

  CAP return

  Valuation

  6%

  $662,478

  6.5%

  $611,518

  7%

  $567,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,353,969

  Geo Method

  $1,353,969

• Alternative Use

  Use

  Valuation

  Residential

  $515,838

  Hospitality

  $472,505

  Educational

  $393,119

  Medical

  $406,639

  Retail

  $611,518

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.5906

Longitude

-111.988

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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