MOD Pizza - Great Falls
1125 10th Ave S Great Falls , MT 59405

MOD Pizza - Great Falls - retail for sale

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Overview


Free-standing, single-tenant MOD Pizza for sale, strategically positioned along U.S. Route 87-89. This location is the first in Great Falls, and the third location in Montana. It is situated across from the Holiday Village Mall, a 575,000 sq. ft. enclosed retail center that serves a vast trading area, extending 50 miles to the south, east and west, including Alberta, Canada. It includes several national retailers, including Scheels, JCPenney, Hobby Lobby, Bed, and Bath & Beyond. MOD Super-Fast Pizza, LLC is the corporate entity of the fastest growing restaurant chain in the United States for the past four years, according to the Technomic Top 500 Restaurant Report 2015-2018. MOD Pizza has seen rapid growth in recent years, expanding to over 400 locations, with many more planned. The company is privately held and headquartered in Seattle. Great Falls is the third largest city in Montana, with over 80,000 residents in the metro area and the economy is bolstered by the Malmstrom Air Force Base, as well as the Benefits Health System and other various economic drivers.

Investment highlights


  • Fee simple interest
  • Property features an absolute NNN lease with 10% rental increases every 5 years
  • Two 5-year options for renewal
  • Ideal long-term passive investment
General
Property type Retail
Tenure type Sale/Purchase
Property address 1125 10th Ave S, Great Falls, MT 59405-2159
Land in acres 0.52
Building size 2,867  ft2
Year built 1983
Financial
Price $2,095,238
Cap rate 5.25%
Current NOI $110,000.00
Lease
Tenant's name MOD SUPER FAST PIZZA, LLC
Lease type NNN
Annual rent $110,000.00
Lease expiration date 07/31/2034
Remaining term 14.7Yrs

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