3,700 SF Downtown Retail Investment Property for Sale

9 N 32nd St Billings, MT 59101

9 N 32nd St, Billings, MT, 59101
9 N 32nd St, Billings, MT, 59101 9 N 32nd St, Billings, MT, 59101 9 N 32nd St, Billings, MT, 59101 9 N 32nd St, Billings, MT, 59101 9 N 32nd St, Billings, MT, 59101 9 N 32nd St, Billings, MT, 59101
FOR SALE
Property Type:
Single Tenant Retail (NNN)
Amount:
$480,000
Last Verified:
Aug 19, 2022

9 N 32nd St is the home to a long term tenant with roots going back to 1977. With a new 5 year lease and tenant responsible for 100% of the maintenance, this investment property is perfect for someone looking for a true “mailbox money” investment property. This property benefits from its central location and retail exposure on Montana Ave. *9 N 32nd St, Billings *Downtown Retail Investment Property for Sale *Long Term Tenant Servicing Billings Since 1977 *$480,000 *3,700 SF Building *New 5 Year Lease Recently Signed *Net Operating Income = $33,898 *7.1% Cap Rate *2% Yearly Rent Escalators

Additional URLs

Map of 9 N 32nd St, Billings, MT, 59101

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.