Property Description

Fantastic opportunity to invest in a rare offering in Montana. Four years remain on the initial lease term, with tenant options to renew six (6) times, including increased rent bumps every five years. Offered at a 6% cap rate, with the term out under the current lease structure projecting an 8.1% cap rate after all options are exercised. The property features a NN+ lease structure, with the owner paying property taxes that are reimbursed by the tenant. Deer Lodge is a growing community, benefiting from recent investments including the state prison expansion, a 200-unit subdivision, and one of the nicest golf communities in Montana—creating strong demand for textile goods and services. A low-competition market provides added security for the owner, and the newly constructed building (2019) requires little exterior maintenance, making this an almost entirely hands-off investment. A member of the selling party is a licensed agent in MT.

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Justin Hartman