Asking Price S$2,740,000
Sq. Footage 2,867
NOI Net Operating Income S$150,700
Cap Rate 5.50%

Attributes

Year Built 1983
Lease Type NNN
Current / Passing Rent S$150,700
Lease Expiration 2034-07-31
Remaining Term 14 years, 8 months
Tenant MOD SUPER FAST PIZZA, LLC
Lot Size 0.52 ACRES

Property Description

Free-standing, single-tenant MOD Pizza for sale, strategically positioned along U.S. Route 87-89. This location is the first in Great Falls, and the third location in Montana. It is situated across from the Holiday Village Mall, a 575,000 sq. ft. enclosed retail center that serves a vast trading area, extending 50 miles to the south, east and west, including Alberta, Canada. It includes several national retailers, including Scheels, JCPenney, Hobby Lobby, Bed, and Bath & Beyond. MOD Super-Fast Pizza, LLC is the corporate entity of the fastest growing restaurant chain in the United States for the past four years, according to the Technomic Top 500 Restaurant Report 2015-2018. MOD Pizza has seen rapid growth in recent years, expanding to over 400 locations, with many more planned. The company is privately held and headquartered in Seattle. Great Falls is the third largest city in Montana, with over 80,000 residents in the metro area and the economy is bolstered by the Malmstrom Air Force Base, as well as the Benefits Health System and other various economic drivers.

Investment Highlights

  • Fee simple interest
  • Property features an absolute NNN lease with 10% rental increases every 5 years
  • Two 5-year options for renewal
  • Ideal long-term passive investment
Peter Bauman
Peter Bauman
SVP, Capital Markets
Licensed in
AZ - SA647389000 NV-186153
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
Licensed in
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027

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