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TJX / PETCO MIDBOX INVESTMENT | BILLINGS, MT 2618 King Ave W

66,085 SF 85% Leased Retail Building Billings, MT 59102 $12,184,080 ($184/SF) 7.45% Cap Rate

Investment Highlights

  • Strong Tenant Mix
  • Premier Retail Property
  • Value-add Opportunity
  • Shadow Anchored by Strong, National Retailers

Executive Summary

Mid-box, Multi-Tenant Investment Opportunity in Billings, MT

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
66,085 SF
Building Class
C
Year Built/Renovated
1995/2004
Price
$12,184,080
Price Per SF
$184
Cap Rate
7.45%
NOI
$907,714
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Land Acres
5.18 AC
Zoning
C - Commercial
Parking
107 Spaces (1.62 Spaces per 1,000 SF Leased)
Frontage
454 FT on King Avenue West

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,156-9,865 SF
  • Retail
  • End Cap
  • Now

9,865 SF first floor retail space.

Space Size Space Use Position Available
1st Floor 4,156-9,865 SF Retail End Cap Now

1st Floor

Size
4,156-9,865 SF
Space Use
Retail
Position
End Cap
Available
Now

1st Floor

Size 4,156-9,865 SF
Space Use Retail
Position End Cap
Available Now

9,865 SF first floor retail space.

Nearby Major Retailers

U.S. Bank
Old Chicago Pizza
MOOYAH Burgers, Fries & Shakes
IHOP
Applebee's
Planet Fitness
Golden Corral
Cafe Rio
Famous Dave's
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-0926-13-1-75-01-0000
Land Assessment
$3,674,921
Improvements Assessment
$3,316,279
Total Assessment
$6,991,200
  • Listing ID: 29402544

  • Date on Market: 8/30/2023

  • Last Updated:

  • Address: 2618 King Ave W, Billings, MT 59102

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