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Single-Tenant Office

Meadow Lark HQ

2913 Millennium Cir, Billings, MT 59102

Listing Price: $2,850,000

Cap Rate
6.19%
Tenant Name
Meadow Lark
Years Remaining On Lease
2.1
Guarantor
Corporate Guarantee
Rentable SF
20,275
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.70

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Meadow Lark Transportation Headquarters located in Billings, MT. Meadow Lark Transportation is a national trucking and logistics company featuring over $200M of annual revenues with clients such as Costco, Clorox, Walmart, Michaels, Firestone, Dr. Pepper, Samsung, Purina, Procter & Gamble, General Electric, Coca Cola, and more. The lease currently has 2 years remaining with no options to extend providing an immediate value-add or owner/user opportunity. The building features high-quality 2004 construction with a brand-new roof installed in 2018 with a 20-year transferable warranty. The Property sits adjacent to Ashley Furniture Homestore, Goodwill, and the Home Depot. Other major retailers in the area include Costco, Lowes, Home Depot, and Starbucks. The Property’s assessed value is $3,317,300, presenting a future investor with a low entry basis and future upside. Within a 5-mile radius, the population has grown by over 9.10% since 2010 and average household incomes are over $79,000.

Investment Highlights

  • Value-Add or Owner/User Opportunity
  • Strong Corporate Guarantee
  • Located in Dominant Trade Area
  • High Quality Construction
  • New Roof in 2018 with Transferrable Warranty
  • Priced Below Assessed Value
  • Strong Historical Occupancy

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Single-Tenant Office

Meadow Lark HQ

Listing Price: $2,850,000

Cap Rate
6.19%
Tenant Name
Meadow Lark
Years Remaining On Lease
2.1
Guarantor
Corporate Guarantee
Rentable SF
20,275
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.70

Investment Highlights

  • Value-Add or Owner/User Opportunity
  • Strong Corporate Guarantee
  • Located in Dominant Trade Area
  • High Quality Construction
  • New Roof in 2018 with Transferrable Warranty
  • Priced Below Assessed Value
  • Strong Historical Occupancy

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Meadow Lark Transportation Headquarters located in Billings, MT. Meadow Lark Transportation is a national trucking and logistics company featuring over $200M of annual revenues with clients such as Costco, Clorox, Walmart, Michaels, Firestone, Dr. Pepper, Samsung, Purina, Procter & Gamble, General Electric, Coca Cola, and more. The lease currently has 2 years remaining with no options to extend providing an immediate value-add or owner/user opportunity. The building features high-quality 2004 construction with a brand-new roof installed in 2018 with a 20-year transferable warranty. The Property sits adjacent to Ashley Furniture Homestore, Goodwill, and the Home Depot. Other major retailers in the area include Costco, Lowes, Home Depot, and Starbucks. The Property’s assessed value is $3,317,300, presenting a future investor with a low entry basis and future upside. Within a 5-mile radius, the population has grown by over 9.10% since 2010 and average household incomes are over $79,000.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

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