Shiloh-Grand Center | 1780 Shiloh Rd
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Shiloh-Grand Center 1780 Shiloh Rd
10,400 SF 100% Leased Retail Building Billings, MT 59106 $2,150,000 ($207/SF) 5.59% Cap Rate
Investment Highlights
- On a main arterial road - 13,523 vehicles per day
- Monument sign is highly visible
- NNN leases - current tenants pay CAM charge and management fee
- Zoned as NMU-Neighborhood Mixed-Use
Executive Summary
Shiloh-Grand Center is a rare investment opportunity for a superior NW Billings location on the corner of Shiloh Rd and Avenue C. Access in and out of Avenue C is from both North and South on Shiloh Rd. Built in 2004, there are seven separate units that are all NNN leases where current tenants pay a CAM charge and management fee. Boasting a 5.5% CAP rate and an NOI of $120,245, this property is ideal for investors seeking a profitable venture. The interior of the 10,400 SF building is a mix of office and retail space. A monument sign is highly visible on the corner of Avenue C and Shiloh Rd, perfect for the traffic count of 13,523 vehicles per day. There is newer commercial development across Ave C including the newest City Brew in Billings. Don't miss out on this opportunity to own Shiloh-Grand Center - a property with great potential and promising returns. Contact us now to seize this chance to add a valuable asset to your portfolio.
Property Facts Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,400 SF
Building Class
B
Year Built
2004
Price
$2,150,000
Price Per SF
$207
Cap Rate
5.59%
NOI
$120,245
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
0.92 AC
Zoning
NMU-Neighborhood Mixed Us - NMU: Neighborhood mixed-use. The NMU district is intended to accommodate a mix of uses, primarily located along neighborhood corridors.
Parking
46 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
300 FT on Shiloh Road
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Blue Kangaroo
- Educational Services
- 1,648 SF
- -
- Triple Net
- -
- CMG Financial
- Finance and Insurance
- 694 SF
- -
- -
- -
- Shiloh Fitness
- Health Care and Social Assistance
- 2,087 SF
- -
- Triple Net
- -
- Subway
- Accommodation and Food Services
- 1,640 SF
- -
- Triple Net
- -
- Synergy Salon and Spa
- Services
- 596 SF
- -
- Triple Net
- -
- Wink Studio
- Services
- 1,648 SF
- -
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Blue Kangaroo | Educational Services | 1,648 SF | - | Triple Net | - | |
| CMG Financial | Finance and Insurance | 694 SF | - | - | - | |
| Shiloh Fitness | Health Care and Social Assistance | 2,087 SF | - | Triple Net | - | |
| Subway | Accommodation and Food Services | 1,640 SF | - | Triple Net | - | |
| Synergy Salon and Spa | Services | 596 SF | - | Triple Net | - | |
| Wink Studio | Services | 1,648 SF | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 03-1032-33-4-14-26-7003 | Improvements Assessment | $216,315 |
| Land Assessment | $57,561 | Total Assessment | $273,876 |
PROPERTY TAXES
Parcel Number
03-1032-33-4-14-26-7003
Land Assessment
$57,561
Improvements Assessment
$216,315
Total Assessment
$273,876
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Shiloh-Grand Center | 1780 Shiloh Rd
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