Cap Rate: 5.50%
Net Operating Income: $46,800
Square Footage: 2,700
The subject offering is a NNN leased offering for a KFC in Butte, Montana. There are scheduled increases in rent every five years in the initial term. This KFC just experienced a recent image update and recently extender their lease for an additional 20 years. The asset is well situated on a hard corner and benefits from excellent access and visibility.
Butte is the county seat of Silver Bow County, Montana, United States. In 1977, the city and county governments consolidated to form the sole entity of Butte-Silver Bow. The city covers 718 square miles and, according to the 2010 census, has a population of 33,503, making it Montana’s fifth largest city. It is served by Bert Mooney Airport with airport code BTM.