$3,396,000 SALE
Retail
2,400 SF
1626 10th Ave S
Great Falls, MT 59405 Starbucks - 10th Ave S Great Falls, MT



$3,396,000 - 4.6% CAP Rate CORPORATE NET LEASE TO HIGH QUALITY, INVESTMENT GRADE, SINGLE-TENANT ASSET Leased to Starbucks for ten (10) years, plus four (4), five (5) year renewal options 7% Rental increases every five (5) years, including initial term and renewal options Investment Grade Tenant, rated "BBB+" by Standard & Poor's Starbucks Corporation (NASDAQ: "SBUX") is the world's premier coffee company with over 33,000 locations and over $29 Billion in consolidated net revenue for 2021 Brand new, 2022, construction with dedicated Drive-Thru HIGH TRAFFIC LOCATION Highest traffic counts in Great Falls with over 36,000 cars per day Located at the SWC of 10th Ave S and 17th St S Prime retail corridor with close proximity to major retailers Within a 3 mile radius of the site, there are 54,500 people living in 23,900 households that have an average household income of $72,000 CENTRAL LOCATION NEAR MAJOR RETAILERS AND COMMUNITY HUBS 4 blocks east of The Holiday Village mall who is home to over 30 retailers including Scheels, Ross Dress For Less, Pet Smart, Hobby Lobby and Bed Bath & Beyond 4 blocks west of Target and Albertsons Roughly 10 blocks west of Benefis Health System East Campus which has over 470 patient beds Within a 1 mile radius, there are 2 private grade schools, 3 public grade schools (over 1,000 total students), Great Falls High School (1,480 students), University of Providence (480 undergraduates) and Great Falls College (1,218 students) ADDITIONAL INCOME THROUGH BILLBOARD LEASE ON PROPERTY $5,500/year in Billboard Income


Property Type Retail
Listing ID NTP3NL
Style Retail – Free Standing
Building Size 2,400 SF
Lot Size 26005 SF
Area Description

Area Description: High traffic location with over 36,000 cars per day Located at the SWC of 10th Ave S and 17th St S Central location with Benefis Health System Hospital, Great Falls College, University of Providence, Great Falls High School, 5 grade schools, Holiday Village Mall, Target, Albertsons and numerous other retailers all within a 1 mile radius of the site Within a 3 mile radius of the site, there are 54,500 people living in 23,900 households that have an average household income of $72,000 New construction in 2022 with Drive-Thru

Property Features
Sewer: City
Lot Size: 1/2 - 1 Acre
Age: New Construction
Water: City Water
Additional Media

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