Perkins
825 North 27th Street
Billings, MT 59101
https://thebrokerlist.com/have/perkins-102143
FOR SALE
Property Type:
Restaurant
Last Verified:
Aug 17, 2020
Highlights
- Lease expires December 31, 2028 (7+ years remaining)
- $120,000 in base rent plus % rent (3% in excess of $2M sales)
- Three Year Average NOI is approximately $130,500.
Description
Net Leased Restaurant Investment in the heart of Billings' Medical Corridor
North 27th Street in Billings, MT. In the heart of the Medical Corridor co-tenant with CVS and across the street from Dehler Park and Billings Clinic
Year Built: 1975
Building Size: 9639.0sq ft
Lot Size: 0.18 acres
Map of 825 North 27th Street, Billings, MT, 59101
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.
