Shopping Strip
Harrison Retail Center | 4% Seller Financing | 100% Occupied
3201 Harrison Ave, Butte, MT 59701
Listing Price: $1,718,000
Investment Overview
Marcus & Millichap’s Brown Retail Group has been exclusively selected to market for sale Harrison Retail Center, a fully occupied shadow anchored NNN retail center located in Butte, MT. The Property is currently occupied with a diverse tenant mix including Spectrum, GameStrop and Sally Beauty. All of the tenants currently operate on strong corporate guaranteed NNN leases, allowing for reimbursement of nearly all expenses and providing a hedge against rising operating expenses. GameStop recently executed their option to extend early for another two years with one more option to extend. The Property features attractive seller financing at a 4% interest rate, a rate that is aggressively more favorable than current bank offered interest rates. The Property was renovated in 2021 with over $100,000 in capital improvements including a new roof, exterior paint, new fence, parking lot lights, and more. The Property features a drive-thru lane that's not currently being utilized, opening up the potential for a future QSR, pharmacy or bank tenant. Located just off of Highway 15/90 and across the street from Butte Plaza Mall, the only regional mall in the city, the Property is shadow anchored by national tenants such as: JoAnn Fabrics, Wendy's, Walmart, Goodwill, Petco, Starbucks, and more. Within a 3-mile radius, the population has grown over 5.5% since 2010 and is projected to increase by another 2% in the next 5 years.
Investment Highlights
- Fully Occupied Retail Center with Diverse Tenant Mix
- Attractive 4% Seller Financing Available
- Recent Property Renovations
- Recent Lease Extensions
- Strong Corporate Guarantees
- Desirable Drive-Thru Feature
- Located in Dominant Retail Trade Area
- Strong Demographics Growth Sub-Market
Exclusively Listed By
Broker of Record
Financing By
Shopping Strip
Harrison Retail Center | 4% Seller Financing | 100% Occupied
Listing Price: $1,718,000
Investment Highlights
- Fully Occupied Retail Center with Diverse Tenant Mix
- Attractive 4% Seller Financing Available
- Recent Property Renovations
- Recent Lease Extensions
- Strong Corporate Guarantees
- Desirable Drive-Thru Feature
- Located in Dominant Retail Trade Area
- Strong Demographics Growth Sub-Market
Investment Overview
Marcus & Millichap’s Brown Retail Group has been exclusively selected to market for sale Harrison Retail Center, a fully occupied shadow anchored NNN retail center located in Butte, MT. The Property is currently occupied with a diverse tenant mix including Spectrum, GameStrop and Sally Beauty. All of the tenants currently operate on strong corporate guaranteed NNN leases, allowing for reimbursement of nearly all expenses and providing a hedge against rising operating expenses. GameStop recently executed their option to extend early for another two years with one more option to extend. The Property features attractive seller financing at a 4% interest rate, a rate that is aggressively more favorable than current bank offered interest rates. The Property was renovated in 2021 with over $100,000 in capital improvements including a new roof, exterior paint, new fence, parking lot lights, and more. The Property features a drive-thru lane that's not currently being utilized, opening up the potential for a future QSR, pharmacy or bank tenant. Located just off of Highway 15/90 and across the street from Butte Plaza Mall, the only regional mall in the city, the Property is shadow anchored by national tenants such as: JoAnn Fabrics, Wendy's, Walmart, Goodwill, Petco, Starbucks, and more. Within a 3-mile radius, the population has grown over 5.5% since 2010 and is projected to increase by another 2% in the next 5 years.
Exclusively Listed By
Broker of Record
Financing By
![MM Texture Background](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-news-research-hero-background.jpg?h=1030&iar=0&w=2880&rev=1569e23dd24a4ecea0b588f7ee537310&hash=B6D3CA35A0504F883C2C5068EE8436C0)
![MM Textured Background Lower](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-property-footer-background%20jpg.jpg?h=1030&iar=0&w=2880&rev=f3ed593e923445f38df9f1c32d8d190f&hash=323A48081850EDAAE5E1F61061CADFD9)