Albertsons 600 N Fee St

Marcus & Millichap's Brown Retail Group has been exclusively selected to market for sale fee simple interest in the Albertsons in Helena, MT, a rare value-add single-tenant grocery opportunity featuring well below market rent and significant upside in the future. The lease is
with Albertson’s LLC and features an absolute NNN structure with no landlord maintenance or repair responsibilities. Albertsons is currently operating on a fee simple lease that was signed back in 1978 that comes due in December of 2033 where they have no additional options to extend. Albertsons is currently paying just $1.96/SF NNN in annual rent with market rents achievable in the $17-$20/SF + NNN range, providing a low operating cost for Albertsons and significant upside for the new owner upon expiration of the current lease. In addition, the Property features a roughly 20,000 SF pad site adjacent to McDonald's that could be redeveloped in the future into fast food, coffee, strip retail, or various other tenant uses. The Property is located directly on Hwy 12 and 11th Ave, receiving a
combined 29,000+ VPD and is adjacent to I-15 which receives an additional 24,800+ VPD. The Property benefits from its proximity to multiple brand name hotels, including LaQuinta, Days Inn and Hampton Suites. McDonald’s is located as an out-parcel to Albertsons (NAP), and various other national tenants surround the Property including Walmart, Starbucks, Wendy's, Taco Bell and Walgreens. Within a 5-mile radius, the population has grown nearly 17% since 2011 and is projected to increase by another 4.7% in the next 5 years, with average household incomes of nearly $86,000. Within a 1-mile radius of the subject property, the population has grown nearly 12% since 2010.