62 Mercury StButte, MT 59701

Property Details for 62 Mercury St

Year built

2020

Construction

WOOD

Lot size

0.56 AC

Property size (Sq ft)

2,742 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

01-1197-13-4-73-12-0000

APU

1119713473120000

Description

This exceptional mixed-use property in Butte, Montana, presents a compelling investment opportunity. The 2,742 square foot building, constructed in 2020, sits on a substantial 24,219 square foot lot and is currently leased to a Dairy Queen Grill & Chill under an absolute NNN lease. The 10-year lease agreement guarantees a stable annual income of $92,760, with a built-in 3% rent increase every two years, providing a predictable and growing return on investment. The property's prime location on W Mercury Ave ensures high visibility and convenient access, attracting a steady stream of customers. Its strategic placement near residential areas, retail centers, schools, parks, and churches, along with neighboring businesses such as Head Frame Spirits, Pork Chop John's, Maverick Motorsports, and St. James' Hospital, further enhances its desirability. The asking price for this turnkey investment is $1,500,000. The sale includes the building and land

• CAP approach

  CAP return

  Valuation

  6%

  $720,839

  6.5%

  $665,390

  7%

  $617,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,473,247

  Geo Method

  $1,473,247

• Alternative Use

  Use

  Valuation

  Residential

  $561,281

  Hospitality

  $514,131

  Educational

  $427,751

  Medical

  $442,462

  Retail

  $665,390

Location Insight

City

Butte

County

Silver Bow

State

Montana

Latitude

46.0107

Longitude

-112.537

CBSA code

15580

CBSA name

BUTTE-SILVER BOW, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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