Great Falls, MT - BestMed Urgent Care

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, BestMed Urgent Care investment property located in Great Falls, Montana. The tenant, Community Care Partners LLC has over year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The BestMed Urgent Care is located along 10th Ave S, which averages 33,400 vehicles passing by daily and is a major retail thoroughfare serving the city of Great Falls. The property is positioned adjacent to Holiday Village Mall a Hobby Lobby anchored mall that also features national/credit tenants including Harbor Freight Tools, PetSmart, Scheels, and Ross Dress for Less. Additionally, the asset is situated a few miles northeast of Great Falls Marketplace Shopping Center, a 449,000 square foot power center anchored by The Home Depot, Michael’s, and Smith’s grocery. Furthermore, BestMed Urgent Care is located a few miles southeast of Westwood Shopping Area, a 427,000 square foot center anchored by Sam’s Club, T.J. Maxx, and Dollar Tree. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Albertson’s, Target, Old Navy, AMC Theatres, Planet Fitness, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Great Falls High School (1,640 Students), the local high school drawing consumers into the trade area. The 5-mile trade area is supported by a population of over 70,200 with an average household income of $87,430.