Conveniently Located Off Busy 24th Street West

This 2 Tenant Triple Net Property is located ¼ block off South 24th Street West, adjacent to La Fiesta Mexican Restaurant, and across the street from multi-tenant retail building and Hilton Garden Inn and Marriott Residence Inn.

• ·         Approx. 9,035 total sq. ft. retail building on a 27,029 sq. ft. lot

• ·         Located at 2440 Grant Road in Billings, Montana

• ·         Good parking & store front windows facing S. 24th Street West

• ·         Separate retail/showroom space and warehouse space for each tenant with 10’ x 10’ overhead doors.

• ·         Zoned CX-Heavy Commercial

• ·         2022 Taxes: $16,181.51

• ·         Building is currently 36% occupied by Beaches Beauty Supply and the other 64% just became vacant. Previously occupied by B-Fit Exercise Equipment for over 8 years.

• ·         Current Beaches tenant is paying $3,765 per month base rent with renewal coming up in March 2024.

• ·         The 5,864 square foot vacant space leases for $6,841 per month base rent.

• ·         The property yields a 7.1% Cap Rate of Return based upon the selling price using $13.50 PSF and $14.00 PSF base rents on current leases.

• ·         Sales price $1,800,000

Vacant space also available for Lease! https://www.robveltkampbrokerage.com/listing/2440-grant-road-lease/