903 California AveLibby, MT 59923

Property Details for 903 California Ave

Year built

1999

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

3,524 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

56-4175-03-3-19-05-0000

APU

56417503319050000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut property located at 903 California Ave, Libby, MT 59923. The 3,756 square foot building, constructed in 1999 and renovated in 2010, sits on a 0.66-acre lot at a signalized hard corner intersection, offering excellent visibility and accessibility. The property boasts a drive-thru, enhancing operational efficiency and customer convenience. The current lease with Pizza Hut has a remaining term of 14.7 years, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, ensuring consistent growth in rental income. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $80,595, resulting in a compelling 6.75% cap rate. The asking price is $1,194,000, translating to a price per square foot of $317.89. This is a 100% occupied, single-story building offering a secure and lucrative investment opportunity in a desirable location. The property's strategic location and established tenant make it an attractive proposition for investors seeking a stable, high-yield, net-leased asset. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.

Location Insight

City

Libby

County

Lincoln

State

Montana

Latitude

48.388

Longitude

-115.556

Property Tax & Assessments

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