Helena, MT - City Brew Coffee

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding City Brew Coffee investment property located in Helena, Montana. The tenant, City Roasting Company, LLC has approximately 11 years remaining on their initial term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and at the beginning of the first option period, steadily growing NOI and hedging against inflation. At the beginning of each remaining option period the rental increase is 10.40%. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The property is located along N Montana Ave, which averages 17,500 vehicles passing by daily and is a major retail thoroughfare serving the city of Helena. City Brew Coffee features brand new construction with high quality building materials. The property is located less than a mile south of Macy’s Northside Center a 195,000 square foot shopping center that features national/credit tenants including Target, Ross Dress for Less, Albertson’s, and PetSmart. Additionally, the asset is positioned just south of Northgate Plaza, a 102,000 square foot Dollar Tree and Harbor Freight Tools anchored center. Futhermore, the property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Costco Wholesale, Big Lots!, US Foods, WinCo Foods, and more, further increasing consumer traffic to the site. Moreover, the subject property is in close proximity to Carroll College (1,160 Students), a nearby private college that helps draw traffic to the trade area. The 5-mile trade area is supported by a population of over 47,300 with an affluent average household income of $96,063.