For Sale
$1,433,000

3639 Harrison AveButte, MT 59701

High-yield, long-term NNN lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 7,500-square-foot, Class A auto parts retail building located at 3639 Harrison Ave, Butte, MT 59701. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $85,953. The property is currently 100% occupied by a corporate-guaranteed tenant under an absolute NNN lease with a remaining term of 9.6 years, extending to June 30, 2034. The lease includes six five-year renewal options, ensuring long-term stability. Built in 2011, this single-story building sits on a 0.93-acre lot and benefits from a prime location on Harrison Avenue, a major retail corridor with a high volume of daily traffic (22,200 vehicles per day). The property's strategic location within a thriving retail area, featuring over one million square feet of retail space with a low 0.7% vacancy rate, and its proximity to other major retailers and auto dealerships, creates a synergistic environment that drives tenant sales. The tenant, a publicly traded company, has demonstrated a long-term commitment to the location, recently signing a 10-year lease extension. This investment offers a rare opportunity to acquire a secure, high-performing asset with significant upside potential due to below-market rent. The asking price is $1,433,000, translating to $191.07 per square foot.

Highlights

  • 7,500 SF Class A auto parts retail building on 0.93 acres, located at 3639 Harrison Ave, Butte, MT.
  • Absolute NNN lease with Advance Auto Parts (NYSE: AAP), a publicly traded company with a strong credit rating (S&P BBB-), for a remaining term of 9.6 years plus six 5-year renewal options.
  • Tenant recently signed a 10-year lease extension and has occupied the site for nearly 13 years. Below-market rent provides upside potential.
  • Prime location on Harrison Ave (22,200 VPD), within a thriving retail area with over 1 MSF of retail space and a 0.7% vacancy rate.
  • Excellent accessibility with dedicated turn lane and cross access to adjacent shopping center. Strong synergies with nearby auto dealerships.
  • 6.00% cap rate and $85,953 NOI. Asking price: $1,433,000 ($191.07/SF).

Property Details for 3639 Harrison Ave

Property type
Retail properties, Retail space
Square Feet
7,500 SF
Class
A
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Butte
County
Silver Bow
State
Montana
Latitude
45.9715579
Longitude
-112.5087949
3639 Harrison Ave, Butte, Montana

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3639 Harrison Ave
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