750 Southgate DrBillings, MT 59101

Property Details for 750 Southgate Dr

Year built

2014

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

2,768 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-0927-08-4-05-30-0000

APU

3092708405300000

Description

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.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7557

Longitude

-108.538

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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