1627 Dickie Rd
$845,000
1627 Dickie Rd Billings, MT 59101
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About this listing
1627 Dickie Rd is home to BevCo Countertops which has been a tenant at this location since 1990. With a brand new 5 year triple net lease and close to zero maintenance responsibilities from the landlord, this investment property is perfect for any investor looking for a true mailbox money investment. The 2 mobile homes located on the property are owned by BevCo Countertops and used for employee housing. BevCo pays $400/mo lot rent for each mobile home and is responsible for the maintenance of those mobile homes.
* 1627 Dickie Rd, Billings, MT
* Triple Net Leased Industrial Investment Property
*For Sale $845,000
*New 5 Year Lease with 2.5% Escalators
*9% Cap Rate
*NOI = $76,050/yr
*9,420 SF Industrial Building
*1.51 Acres of Land
*Building was Built in 1950, Renovated in 1992
*Includes 2 qty $400/mo Mobile Home Pad Sites Leased by BevCo Countertops (Tenant Owned Mobiles)
*2 Space Mobile Home Infrastructure added in 1985
*BevCo Lease is Triple Net with Yearly NNN Adjustments
*Tenant is Responsible for 100% of Interior Maintenance & All Maintenance on Mobile Homes
*Landlord is Responsible for Roof, Exterior Walls and Foundation Only
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Cap Rate
9%
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Building Size
9,420 sqft
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Lot Area
1.51 acres
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Year Built
1950
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Zoning
Outside City Limits
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MLS ID
230622
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Year Last Renovated
1992
DESCRIPTION
- • Lot Dimension: 1.51 AC
- • Lot Size: 1-2 Acres
- • Age: Over 50 Years Old
