For Sale
$2,761,905

750 Southgate DrBillings, MT 59101

High-yield Starbucks NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a Class A, 2,768 square foot retail property located at 750 Southgate Drive in Billings, Montana. The property boasts a 10-year corporate-guaranteed lease with Starbucks, the world's leading coffeehouse chain, ensuring consistent rental income and minimal landlord responsibilities. The lease is a triple-net (NNN) agreement, meaning the tenant covers all common area maintenance (CAM), property taxes, and insurance. The property sits on a substantial 34,051 square foot lot in a high-traffic area of Billings, benefiting from excellent visibility and convenient access off South Billings Boulevard and Interstate access. The location is surrounded by complementary retailers, Amend Park, and is close to both downtown Billings and other south Billings amenities. Billings, Montana's largest city, is experiencing significant growth, making this a particularly attractive investment. The property's 100% occupancy and 5.25% cap rate, coupled with the strength of the Starbucks tenant and the robust Billings market, present a compelling value-add investment opportunity with an asking price of $2,761,905. This is an ideal investment for a passive investor seeking strong returns in a thriving Montana market.

Highlights

  • Fee-simple ownership of a 2,768 SF Class A retail property in Billings, MT.
  • 10-year corporate-guaranteed NNN lease with Starbucks.
  • Located on a 34,051 SF lot in a high-traffic area with excellent visibility.
  • 5.25% cap rate, 100% occupancy, and asking price of $2,761,905.

Property Details for 750 Southgate Dr

Property type
Retail properties, Land
Square Feet
2,768 SF
Class
A

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.7556686
Longitude
-108.5378803
750 Southgate Dr, Billings, Montana

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750 Southgate Dr
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