Triple Net Leased Industrial Investment Property For Sale on Dickie Rd

*1627 Dickie Rd, Billings, MT * Triple Net Leased Industrial Investment Property *For Sale $845,000 *New 5 Year Lease with 2.5% Escalators *8% Cap Rate *NOI = $67,600/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 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.

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• https://cbcmontana.com/property/1625-dickie-rd/