Great Falls, MT
Price: $1,445,000
Cap Rate: 7.14%
Status: AVAILABLE

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Blue West Capital is pleased to present the sale of a single tenant net leased Sleep Number located at 826 10th Avenue South in Great Falls, Montana. The recently renovated property is positioned at a heavily trafficked signalized intersection with over 49,000 vehicles per day.  It is located along 10th Avenue which is the main east-west thoroughfare in Great Falls with many other national retailers.

  • Located in Great Falls, the 3rd largest city in Montana
  • Sleep Number is a publicly traded company (NASDAQ: SNBR) with a $1.5 billion market cap
  • Tenant is committed to this location evidenced by recently forgoing an early termination option (with no concessions)
  • Subject property is one of four Sleep Number locations in Montana
  • Recent high-end construction (2016)
  • Positioned at a heavily trafficked signalized intersection (±50,000 VPD)
  • Located along 10th Avenue (Montana 87) which is the main east-west thoroughfare in Great Falls
  • Across the street from the Holiday Village Mall (Hobby Lobby, JCPenney, Ross Dress For Less, Scheels, PetSmart, & Big Lots are the anchors)
  • Five miles west of Malmstrom Air Force Base (largest employer in Great Falls) and five miles east of Great Falls International Airport
  • Over 55,000 people living within three miles of the property 
  • Strategically located within a retail corridor serving Central Montana that includes Walmart Supercenter, Target, Albertsons, Walgreens, CVS, Super 1 Foods, and many other national and local tenants 
  • Sleep Number corporate net sales increased by almost 10% to $1.86 billion in 2020

OFFERING SUMMARY

Price: $1,445,000
Cap Rate: 7.14%

Building Size: 2,125 SF
Land Size:
0.24 AC

INVESTMENT CONTACT

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

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2022-09-20T11:28:24-07:00
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