Skip To Content

1705 Us-2

Havre, MT 59501
  • $875,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 22114662
UPDATED: 49 min ago
$875,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,542
    SQFT
  • $158
    $/SQFT
Type:
Commercial
Built:
2005
County:
Area:

School Ratings & Info

Description

Montana Land Company is pleased to exclusively offer an opportunity to acquire a fee simple interest in a two tenant retail building leased to Cellular Plus (Verizon Premium Retailer) and Northwest Farm Credit Services in Havre, MT the county seat of Hill County. Cellular Plus has been operating at this location since 2007, while Northwest FCS commenced their lease in 2018. There is an average remaining lease term of roughly 8 years with attractive rental increases approximately every five years in each term, inclusive of the five year option that remains for each tenant. The building sits along US 2, the main thoroughfare in the city that carries more than 9,000 VPD and features nationally recognized retailers such Walmart, McDonald's and KFC, among others.Additionally , the Holiday Village Mall sits behind the premises, further increasing consumer traffic around the site. Cellular Plus is one of the largest and fastest growing Verizon Wireless Authorized Retailers in the Northwest. The company operates nearly 60 locations across the states of Montana, Wyoming, Oregon, Washington and Colorado, and employs more than 300 people. Cellular Plus has 10% rent bump 12/1/24-11/30/29 and additional 5 year option with another 10% rent bump Northwest Farm Credit Services (FCS) is a $12 billion financial cooperative providing financial and related services to farmers, ranchers, agribusinesses, commercial fisherman, timber producers, rural homeowners and crop insurance customers in Montana, Idaho, Oregon, Washington and Alaska. NFCS has 4% rent bump 1/1/22-12/31/27 and additional 6 year option with another 13.28% rent bump. Both tenants are extremely happy with the location and committed long term. Building is in excellent condition. New 20-year elastomeric roof coating applied Fall 2020 and parking lot resurfaced/restriped Summer 2021. Call Gregg at 406-250-1111, or your real estate professional.

Monthly Payment Calculator



© 2021 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2021-12-02T07:18:53.477.
www.montanapropertyangels.com/homes/121410228
Print Image

1705 Us-2 Havre, MT 59501

  • Price: $875,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 49 min ago
  • MLS #: 22114662
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,542
SQFT
$158
$/SQFT
2005
Built
County:
Hill
Area:
Havre
Property Description
Montana Land Company is pleased to exclusively offer an opportunity to acquire a fee simple interest in a two tenant retail building leased to Cellular Plus (Verizon Premium Retailer) and Northwest Farm Credit Services in Havre, MT the county seat of Hill County. Cellular Plus has been operating at this location since 2007, while Northwest FCS commenced their lease in 2018. There is an average remaining lease term of roughly 8 years with attractive rental increases approximately every five years in each term, inclusive of the five year option that remains for each tenant. The building sits along US 2, the main thoroughfare in the city that carries more than 9,000 VPD and features nationally recognized retailers such Walmart, McDonald's and KFC, among others.Additionally , the Holiday Village Mall sits behind the premises, further increasing consumer traffic around the site. Cellular Plus is one of the largest and fastest growing Verizon Wireless Authorized Retailers in the Northwest. The company operates nearly 60 locations across the states of Montana, Wyoming, Oregon, Washington and Colorado, and employs more than 300 people. Cellular Plus has 10% rent bump 12/1/24-11/30/29 and additional 5 year option with another 10% rent bump Northwest Farm Credit Services (FCS) is a $12 billion financial cooperative providing financial and related services to farmers, ranchers, agribusinesses, commercial fisherman, timber producers, rural homeowners and crop insurance customers in Montana, Idaho, Oregon, Washington and Alaska. NFCS has 4% rent bump 1/1/22-12/31/27 and additional 6 year option with another 13.28% rent bump. Both tenants are extremely happy with the location and committed long term. Building is in excellent condition. New 20-year elastomeric roof coating applied Fall 2020 and parking lot resurfaced/restriped Summer 2021. Call Gregg at 406-250-1111, or your real estate professional.
Exterior Features

Parking Information Parking LotPaved Road Frontage State/Federal Hwy Road Surface Asphalt Stories One Waterfront None

Interior Features

Foundation Poured Concrete

Property Features

Age 10-20 Years Bank Owned Or REO No Commercial Type Commercial Condition Excellent Covenant No Gross Annual Income $75000 - $100000 Offering For Sale Bldg./Land Possession Tenant Rights Present Use Retail Short Sale No Tax Year 2020 Taxes 7856.00 Utilities City SewerCity WaterElectricGasInternetTelephone Zoning Commercial

Listing provided courtesy of Gregg E Schoh of Montana Land Company.


© 2021 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2021-12-02T07:18:53.477.
 
https://bt-photos.global.ssl.fastly.net/nmar/1280_boomver_1_22114662-2.jpg https://bt-photos.global.ssl.fastly.net/nmar/1280_boomver_1_22114662-2.jpg https://bt-photos.global.ssl.fastly.net/nmar/1280_boomver_1_22114662-2.jpg
Logo
Montana Property Angels
40 2nd Street E #220
Kalispell MT, 59901