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$845,000 / 9420ft2 - Triple Net Leased Industrial Investment Property For Sale on Dickie Rd (Billings)

1627 Dickie Rd, Billings, MT 59101

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1627 Dickie Rd

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9420ft2
*1627 Dickie Rd, Billings, MT
* Triple Net Leased Industrial Investment Property
*For Sale $845,000
*New 5 Year Lease with 2.5% Escalators
*9% Cap Rate
*NOI = $76,050/yr
*9,420 SF Industrial Building
*1.51 Acres of Land
*Building was Built in 1950, Renovated in 1992
*Includes 2 qty $400/mo Mobile Home Pad Sites Leased by BevCo Countertops (Tenant Owned Mobiles)
*2 Space Mobile Home Infrastructure added in 1985
*BevCo Lease is Triple Net with Yearly NNN Adjustments
*Tenant is Responsible for 100% of Interior Maintenance & All Maintenance on Mobile Homes
*Landlord is Responsible for Roof, Exterior Walls and Foundation Only

1627 Dickie Rd is home to BevCo Countertops which has been a tenant at this location since 1990. With a brand new 5 year triple net lease and close to zero maintenance responsibilities from the landlord, this investment property is perfect for any investor looking for a true mailbox money investment. The 2 mobile homes located on the property are owned by BevCo Countertops and used for employee housing. BevCo pays $400/mo lot rent for each mobile home and is responsible for the maintenance of those mobile homes.

Contact:
Michael Speidel
Coldwell Banker Commercial
Cell: 406-601-9695

Nathan Matelich
Coldwell Banker Commercial
Cell: 406-781-6889

post id: 7743911858

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