$1,150,000 | 6.96% CAP 2960 N WASHINGTON STREET HELENA, MT 59602
RETAIL INVESTMENT GROUP, LLC MARK MCLMARKOONE MCLOONEJUSTINJUSTIN STR AKERSTRAKER STEVENSTEVEN D DAAVISVIS 8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260 Senior Associate Associate Managing Member 480.429.4580 480.429.4580 480.429.4580 480.429.4580 480.429.4580 480.429.4580 480.429.4580 [email protected] [email protected] [email protected] RETAIL1031.COM [email protected] [email protected] [email protected] AZ #SA673250000 AZ #681381000 AZ #BR101032000 HELENA MONTANA
IHOP | HELENA, MONTANA Retail Investment Group is pleased to be the exclusive listing agent for IHOP in Helena, Montana. This IHOP is ±5,037 SF in size, and is situated on 1.04 Acres of land. The surrounding population is high with ±3,428 people within a 1-mile radius, ±49,745 within a 5-mile radius, and ±66,445 within a 10-mile radius. The Subject Property has high visibility located right off Washington Street and E. Custer Avenue, seeing a combined total of almost ±40,000 Vehicles Per Day. The I-15 and Custer Exchange are also nearby, seeing an additional ±30,000 VPD.
Aside from the highly visible location, there are also various surrounding area generators and retailers making this property very frequently visited. Nearby retailers include Costco Wholesale, Bed Bath & Beyond, The Home Depot, T.J. Maxx, Hobby Lobby, WinCo Foods, Hardee's, Chili's Bar & Grill, Panda Express, Applebee's Grill & Bar, Taco Bell, McDonald's, Burger King, Arby's, Dollar Tree, Subway, Papa Murphy's, Buffalo Wild Wings, Wells Fargo and more. This location is also situated less than a mile from the Helena Regional Airport, Siebel Soccer Complex and numerous hotels.
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM HELENA MONTANA
PROPERTY INFORMATION INVESTMENT HIGHLIGHTS 2960 N Washington St • Below Market Rent • Across from Costco Wholesale Address: Helena, MT 59602 • Hard Corner Location • Property sees over ±40,000 VPD Price: $1,150,000 • Absolute NNN - Zero LL Obligations • Helena is the Capital of Montana • Nearby Helena Regional Airport • Nearby Retailers Include: Costco, Cap Rate: 6.96% • Signalized Corner Location Verizon, Staples, Hobby Lobby, and NOI: $80,000 • Close to I-15/Custer Interchange Home Depot, Winco Foods, Bed
Lessee: Summit Restaurant Group
Building Size: ±5,037 Square Feet
Land Area: ±1.04 Acres
Lease Expiration: 09/30/2029
Options: (3) 5-Year Options
Lease Type: Absolute NNN
Increases: Flat
PRP 3046, LLC Guarantee: Single Unit Entity
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM HELENA MONTANA
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM HELENA MONTANA
Actual Location - Taken August 2019 Actual Location - Taken August 2019
Actual Location - Taken August 2019 Actual Location - Taken August 2019
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM HELENA MONTANA
HELENA, MONTANA As the Capitol of Montana, Helena has a long record of economic stability, with the unemployment rate being only 3.2%, almost one percent lower than the national average, and one of the lowest in the nation. Helena also has a higher than average median household income at $72,714. Most people who live in Helena, MT work government-related jobs, and 41% of all residents are college-educated, another statistic above the national standard. Helena's economic stable and viable economy is mostly due to small businesses and government workers.
With a population of 30,000 people, Helena, MT is also the seat of Lewis and Clark County. Lewis and Clark County contributes largely to Helena's economy, as it is home to several light manufacturing facilities, a mineral processing plant, a Boeing plant, Fort Harrison VA Medical Center, and Fort William Henry Harrison, the training facility for the Montana National Guard.
Helena is consistently bringing tourists and residents alike, as the state capital it is a major hub for activity even on national levels. Helena boasts a busy event calendar, shopping, art galleries, local bands, great restaurants, local microbreweries, and an astonishing trail system. Montana is consistently gaining more and more tourists, with a record breaking 11.7 million in 2013.
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM HELENA MONTANA
ABOUT THE BRAND The very first International House of Pancakes location opened in Toluca Lake, CA in 1958. The acronym "IHOP" wasn't introduced until 15 years later, but has been around ever since. For 61 years IHOP has been known as a casual family restaurant where breakfast can be ordered at all times of the day. No matter if it's 8:00 a.m. or 8:00 p.m. customers can come in to enjoy the brand's famous pancakes and other breakfast items along with a variety of American-style lunch and dinner options.
As of 2015, there were a total of 1,650 IHOP restaurants found in all 50 states and around the globe. In 2007 IHOP acquired Applebee's and established Dine Brands Global - creating one of the largest full-service dining companies in the world.
IHOP enjoys giving back to the communities its restaurants reside in. The annual celebration of National Pancake Day at IHOP has raised millions of dollars in the past decade to support local charities and the Kids LiveWell initiative.
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM HELENA MONTANA
POPULATION 1 MILE 5 MILES 10 MILES
2019 3,428 49,745 66,445
2024 (EST) 3,882 52,087 69,642
HOUSEHOLD INCOME 1 MILE 5 MILES 10 MILES
2019 $56,638 $59,211 $61,357
HOUSEHOLDS 1 MILE 5 MILES 10 MILES
NUMBER OF HH 240 15,886 29,285
AVG HH VALUE $209,723 $232,308
TRAFFIC WASHINGTON ST. E CUSTER AVE
VPD 11,569/day 27,390/day
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM MARK MCLOONE JUSTIN STRAKER STEVEN DAVIS Senior Associate Associate Managing Member 480.429.4580 480.429.4580 480.429.4580 [email protected] [email protected] [email protected] AZ #SA673250000 AZ #681381000 AZ #BR101032000
RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.