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2024 US-2Kalispell, MT 59901
THREE TENANT RETAIL INVESTMENT
Asset ClassRetail
overview of deal

Overview

This property offers investors the opportunity to acquire a stabilized three-tenant retail asset in the high-growth Kalispell, Montana trade area. Tractor Supply and Dunham’s Sports have backfilled a former K-Mart building with long-term leases, providing more than 12 years of weighted average lease term (WALT) and secure, predictable cash flow, while a pending 10-year lease with 7 Brew Coffee will add a drive-thru pad that enhances traffic and supports long-term income growth. With excellent access, visibility, and Highway 2 frontage in one of Montana’s fastest-growing trade areas, the asset combines durable in-place income with additional upside potential for investors.

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Investment Highlights

  • 100% Leased Fully occupied by three national retailers.
  • Dunham’s Low Rent $6.79/SF gross rent supports long-term stability.
  • Below Replacement Cost Priced at $105/SF—well below replacement cost.
  • Long-Term Leases 12+ years WALT provides stable income.
  • High-Growth Market Kalispell population up 25% since 2020; growing ~5% annually.
  • NOI Growth All tenants feature 5–10% rent increases every 5 years.
  • Same Store Scarcity Nearest Tractor Supply 127 miles away; Dunham’s 670 miles away.
  • Prime Location Highway 2 & 35 frontage with ~42,000 VPD.
  • 8.52-Acre Site Rare large site at a low basis in Kalispell.
  • Pending 7 Brew Lease 10-year drive-thru coffee lease with 10% rent bumps every 5 years.
2024 US-2Kalispell, MT 59901

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