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OFFERING SUMMARY

  • Location: Great Falls, MT
  • Address: 609 10th Avenue Great Falls, MT 59405
  • Price: $2,700,000
  • Cap Rate: 6.15%
  • Building SF: 4,900 Sq Ft
  • Net Operating Income: $166,033
  • Year Built: 1960
  • Lot Size: +/- 0.34 Acres

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Marketing Package

EXCLUSIVELY LISTED BY:

INVESTMENT HIGHLIGHTS:

  • Corporate Guaranty from Community Care Partners (100+ Units)
    – BestMed began in 2008 with a single clinic with nine employees in Eugene, Oregon. SouthStar Urgent Care was founded in 2011 in Lafayette, Louisiana.
    – Today, under the Community Care Partners umbrella, the brands operate over ninety clinics across seven states — Oregon, Washington, Montana, Wyoming, Colorado, Louisiana, and Texas.
  • 11+ Years Remaining | 2.00% Annual Rental Increases
    – The CCP Holdings. LLC corporate guaranteed lease which has over 11 years remaining on initial lease term with two, five-year options to extend, demonstrating their commitment to the site.
    – The lease features 2% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation.
  • New 2021 Retrofit | NNN Lease with Limited Landlord Responsibilities
    – The subject property was a retrofit for BestMed Urgent Care in 2021 and a strategic location in the main retail corridor in Great Falls, MT.
    – The tenant pays for CAM, taxes, and insurance and the landlord’s responsibilities are limited to outer four walls & foundation only.
    – This property is an ideal, low-management investment for a passive investor.
  • Strategic Location Benefiting from a Diverse Economy
    – Great Falls is located near the junction of the Missouri River and the Rocky Mountain Front, making it a prime spot for regional trade and transportation. It’s also within driving distance to major cities like Helena, Billings, and Missoula.
    – The city’s location provides easy access to major highways, railroads, and even an airport, which is important for businesses that require transportation or shipping.
    – Great Falls has a diverse economy that includes manufacturing, agriculture, retail, and healthcare. It’s home to several large employers, including the Malmstrom Air Force Base, which plays a key role in the local economy. This diversity means that the city is not overly reliant on one sector, which can make it more stable and attractive for commercial investment.