BW Blacksmith Coffee Company | 749 S 20th St W
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BW Blacksmith Coffee Company 749 S 20th St W
2,704 SF Retail Building Billings, MT 59102 $2,687,986 CAD ($994.08 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-year absolute NNN lease with a strong guaranty
- Conveniently situated along South 20th Street West near the King Avenue signalized intersection with a combined traffic volume of 49,646 AADT
- Centrally located between Montana State University Billings (2,818 students) and City College at Montana State University Billings (4,057 students)
- BW Blacksmith Coffee Company is a growing private company with 13 locations in Montana, Georgia and Florida
- Well-positioned in a dense retail corridor and surrounded by major establishments such as Costco, Walmart Supercenter, Lowe’s, Home Depot among others
- High-quality building recently retrofitted in 2023 on a 0.779-acre lot
EXECUTIVE SUMMARY
Strategic Location for Seamless Connectivity: Easily accessible location situated along South 20th Street West near the King Avenue signalized intersection, benefiting from a high daily combined traffic volume of 49,646 vehicles. Additionally, the property is located just one mile away from Interstate 90, a crucial east-west transcontinental highway connecting Seattle to Boston, ensuring convenient travel and seamless connectivity for the site
Strong Retail Presence: Well-positioned in a dense retail corridor surrounded by major establishments like Costco, Walmart Supercenter, Lowe’s, Home Depot, PetSmart, Best Buy, Ross, Chick-fil-A, Olive Garden, and numerous other popular brands allowing the property to capture cross over traffic
Near Education and Healthcare Hub: Benefits from the central location between Montana State University Billings (2,818 students) and City College at Montana State University Billings (4,057 students), along with easy access to St. Vincent Healthcare, a 286-bed hospital, and Advanced Care Hospital of Montana (40 beds), attracting a diverse and engaged community
Beneficial Proximity to Hospitality: Poised to leverage a nearby captive customer base with eight large hotels situated within a one-mile radius, with a total of 709 guest rooms, allowing the site to tap into a steady flow of visitors and enhancing foot traffic and sales revenue
Robust Demographics and Strategic Hub for Business: Rapidly growing population of 94,280 within a five-mile radius, boasting an impressive 11% increase since 2010. Combined with an average annual household income of$85,288 projected to rise by 15% over the next five years, BW Blacksmith and Billings are poised for concurrent growth. Its strategic location in Billings also benefits from being at the center of regional commerce and trade
Strong Retail Presence: Well-positioned in a dense retail corridor surrounded by major establishments like Costco, Walmart Supercenter, Lowe’s, Home Depot, PetSmart, Best Buy, Ross, Chick-fil-A, Olive Garden, and numerous other popular brands allowing the property to capture cross over traffic
Near Education and Healthcare Hub: Benefits from the central location between Montana State University Billings (2,818 students) and City College at Montana State University Billings (4,057 students), along with easy access to St. Vincent Healthcare, a 286-bed hospital, and Advanced Care Hospital of Montana (40 beds), attracting a diverse and engaged community
Beneficial Proximity to Hospitality: Poised to leverage a nearby captive customer base with eight large hotels situated within a one-mile radius, with a total of 709 guest rooms, allowing the site to tap into a steady flow of visitors and enhancing foot traffic and sales revenue
Robust Demographics and Strategic Hub for Business: Rapidly growing population of 94,280 within a five-mile radius, boasting an impressive 11% increase since 2010. Combined with an average annual household income of$85,288 projected to rise by 15% over the next five years, BW Blacksmith and Billings are poised for concurrent growth. Its strategic location in Billings also benefits from being at the center of regional commerce and trade
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,704 SF
Building Class
C
Year Built/Renovated
1995/2023
Price
$2,687,986 CAD
Price Per SF
$994.08 CAD
Cap Rate
6.50%
NOI
$174,719 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.78 AC
Parking
28 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
158’ on South 20th Street West
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-0927-07-4-30-15-0000 | Improvements Assessment | $294,667 CAD |
| Land Assessment | $366,203 CAD | Total Assessment | $660,870 CAD |
PROPERTY TAXES
Parcel Number
03-0927-07-4-30-15-0000
Land Assessment
$366,203 CAD
Improvements Assessment
$294,667 CAD
Total Assessment
$660,870 CAD
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BW Blacksmith Coffee Company | 749 S 20th St W
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