Single-Tenant Office
Meadow Lark HQ | New 7-Year NNN Lease | 2% Annual Increases
2913 Millennium Cir, Billings, MT 59102
Listing Price: $3,380,000
Investment Overview
Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Meadow Lark Company's Corporate Headquarters located in Billings, MT. Meadow Lark Company is a national trucking and logistics company featuring 40 terminals across the nation and generating over $200M in annual revenue with clients such as Costco, Clorox, Walmart, Michaels, Firestone, Dr. Pepper, Samsung, Purina, Procter & Gamble, General Electric, Coca Cola, and more. Meadow Lark Company will sign a new 7-year NNN lease with 2% annual increases at the close of escrow. The NNN lease offers minimal landlord management or repair responsibilities. A new roof was installed in 2018, with a transferrable warranty though 2038, and within six months after close of escrow, the Tenant will install new carpet throughout the building and preform upgrades to the HVAC units. The Property benefits from its location in the heart of Billings MSA's retail and industrial corridor. Within a 5-mile radius, the population has grown over 9% since 2010 with average household incomes at nearly $80,000/year.
Investment Highlights
- NEW 7-YEAR NNN LEASE SIGNED AT CLOSING
- CORPORATE GUARANTEE
- PRICED SIGNIFICANTLY BELOW REPLACEMENT COST
- MINIMAL LANDLORD RESPONSIBILITIES
- RECENTLY RENOVATED / 2024 SCHEDULED UPGRADES
- HIGH QUALITY CONSTRUCTION
- NEW ROOF IN 2018 WITH TRANSFERRABLE WARRANTY
- STRONG HISTORICAL OCCUPANCY
Exclusively Listed By
Broker of Record
-
Adam Christofferson
Senior Vice President/Division Manager
Single-Tenant Office
Meadow Lark HQ | New 7-Year NNN Lease | 2% Annual Increases
Listing Price: $3,380,000
Investment Highlights
- NEW 7-YEAR NNN LEASE SIGNED AT CLOSING
- CORPORATE GUARANTEE
- PRICED SIGNIFICANTLY BELOW REPLACEMENT COST
- MINIMAL LANDLORD RESPONSIBILITIES
- RECENTLY RENOVATED / 2024 SCHEDULED UPGRADES
- HIGH QUALITY CONSTRUCTION
- NEW ROOF IN 2018 WITH TRANSFERRABLE WARRANTY
- STRONG HISTORICAL OCCUPANCY
Investment Overview
Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Meadow Lark Company's Corporate Headquarters located in Billings, MT. Meadow Lark Company is a national trucking and logistics company featuring 40 terminals across the nation and generating over $200M in annual revenue with clients such as Costco, Clorox, Walmart, Michaels, Firestone, Dr. Pepper, Samsung, Purina, Procter & Gamble, General Electric, Coca Cola, and more. Meadow Lark Company will sign a new 7-year NNN lease with 2% annual increases at the close of escrow. The NNN lease offers minimal landlord management or repair responsibilities. A new roof was installed in 2018, with a transferrable warranty though 2038, and within six months after close of escrow, the Tenant will install new carpet throughout the building and preform upgrades to the HVAC units. The Property benefits from its location in the heart of Billings MSA's retail and industrial corridor. Within a 5-mile radius, the population has grown over 9% since 2010 with average household incomes at nearly $80,000/year.
Exclusively Listed By
Broker of Record
-
Adam Christofferson
Senior Vice President/Division Manager

