2010 Grand Ave

Highlights:

• Lot Dimension: 0.66 AC
• Lot Size: 1/2 - 1 Acre

Description:

- 2010 Grand Ave, Billings, MT
- Multi-Tenant Retail Investment Property
- 6% Current Cap Rate
- 6.75% Pro Forma Cap Rate @ 100% Occupancy
- Triple Net Leases
- 6 Separate Units, 5 Occupied
- Built in 1983, Renovated 2012
- 9,100 SF Retail Building
- 0.66 Acre Lot
- Zoned CMU1-Corridor Mixed Use 1
- Pride of Ownership = Very Little Deferred Maintenance
- NOTE: Please Do Not Contact Tenants, Showings by Appointment Only
2010 Grand Ave is a 9,100 SF multi-tenant retail center on Grand Avenue, one of Billings' primary east-west arterials, offering investors in-place cash flow with built-in upside. Five of the six suites are leased (86% occupied) on triple-net terms to a diverse mix of personal-service, professional-service, education and specialty retail tenants. The remaining 1,300 SF suite is available, giving a buyer an immediate opportunity to add income through lease-up, and one below-market lease offers mark-to-market upside when it expires. The landlord increased CAM by $2,940 in 2026 to bring reimbursements closer to actual operating costs. Renovated in 2012, the center benefits from steady traffic on Grand Avenue, strong street visibility, a pylon sign, large storefront windows and ample on-site parking, with easy access from the surrounding neighborhoods. Contact the listing broker and sign an NDA for the rent roll, lease abstracts and financial details

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Listing ID: 0e22e5e0-9bb3-4f35-8637-7862af649dd3

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