Investment Overview

The subject property is a 3,500-square foot Single-Tenant (Burger King) situated on 0.99-acres in Helena, Montana. More specifically, the property is located along the signalized hard corner of Euclid Avenue and Allison Street. This corridor sees more than 21,000-vehicles per day (VPD). Furthermore, the property is located one mile east of Carroll College with an enrollment of over 1,400-students. As the capitol of Montana, Helena has a very stable and viable economy. It does not have the ups and downs of cities with one major industry or employer that are vulnerable to layoffs during recessions. The largest employers in the city are government-related. In addition to being home to some 10,000 state employees, Helena is the seat of Lewis & Clark County, and several Montana offices of federal agencies are located in Helena as well. The unemployment rate in Helena is traditionally below average in Montana, and one of the lowest in the United States. The Burger King building was constructed in 2018 and Burger King's Absolute Triple-Net lease (Corporate Guaranteed) commenced in February of 2019. There are currently 16-years remaining on the original 20-year lease. The initial term expires in February of 2039 and includes 1.25% annual rental increases throughout the lease. Additionally, the lease includes four 5-year options to renew.