2618 King AveBillings, MT 59102

Property Details for 2618 King Ave

Year built

1995

Lot size

5.17 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment opportunity presents a 66,085 square foot, single-story, multi-tenant storefront property located at 2618 King Ave W in Billings, Montana. The property, built in 1995 and renovated in 2023, boasts a 7.45% cap rate and a strong net operating income (NOI) of $907,713. The asking price is $12,184,080. The property features four tenants, including Petco, HomeGoods, and Sierra, all backed by corporate guarantees, ensuring a stable income stream under a triple-net (NNN) lease structure. Situated on a 5.17-acre lot with C zoning, the center benefits from high visibility, averaging over 31,000 cars per day. Its prime location between Walmart, Home Depot, and Costco provides significant traffic draw and enhances long-term stability. Billings, Montana, a growing city with a 2022 population estimate of 119,702, offers a robust market for retail businesses. This value-add opportunity allows for potential cash flow increases due to zero vacancy. The property's strong tenant mix caters to a wide range of consumer needs, making it an attractive investment for discerning buyers. The property is currently fully occupied.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7543

Longitude

-108.581

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].