* 1627 Dickie Rd, Billings, MT * Triple Net Leased Industrial Investment Property *For Sale $845,000 *New 5 Year Lease with 2.5% Escalators *9% Cap Rate *NOI = $76,050/yr *9,420 SF Industrial Building *1.51 Acres of Land *Building was Built in 1950, Renovated in 1992 *Includes 2 qty $400/mo Mobile Home Pad Sites Leased by BevCo Countertops (Tenant Owned Mobiles) *2 Space Mobile Home Infrastructure added in 1985 *BevCo Lease is Triple Net with Yearly NNN Adjustments *Tenant is Responsible for 100% of Interior Maintenance & All Maintenance on Mobile Homes *Landlord is Responsible for Roof, Exterior Walls and Foundation Only
| Property Type | Industrial |
|---|---|
| Property Use | Net Leased Property |
| Year Built | 1950 |
| Renovated Year | 1992 |
| Lot Dimensions | 1.51 AC |
| Zoning | Outside City Limits |
| Cap Rate Percentage | 9 |
| Listing ID | Z8C7SY |
| MLS ID | 230622 |
| Style | Industrial Bldg -Flex Space |
| Building Size | 9,420 SF |
| Lot Size | 1.51 AC |
Area Description: 1627 Dickie Rd is home to BevCo Countertops which has been a tenant at this location since 1990. With a brand new 5 year triple net lease and close to zero maintenance responsibilities from the landlord, this investment property is perfect for any investor looking for a true mailbox money investment. The 2 mobile homes located on the property are owned by BevCo Countertops and used for employee housing. BevCo pays $400/mo lot rent for each mobile home and is responsible for the maintenance of those mobile homes.
| Age: | Over 50 Years Old |
| Lot Size: | 1-2 Acres |