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|Current / Passing Rent||
|Remaining Term||14 years, 1 month|
|Tenant||MOD SUPER FAST PIZZA, LLC|
JLL is pleased to offer the free-standing, single-tenant MOD Pizza for sale, strategically positioned along U.S. Route 87-89. This location is the first in Great Falls and the third location in Montana. It is situated across from the Holiday Village Mall, a 575,000 square feet enclosed retail center that serves a vast trading area, extending 50 miles to the south, east and west, including Alberta, Canada. It includes several national retailers, including Scheels, JCPenney, Hobby Lobby, Bed and Bath & Beyond.
MOD Super-Fast Pizza, LLC is the corporate entity of the fastest growing restaurant chain in the United States for the past four years, according to the Technomic Top 500 Restaurant Report 2015-2018. It has seen rapid growth in recent years, expanding to over 400 locations, with many more planned. The company is privately held and headquartered in Seattle. Great Falls is the third largest city in Montana, with over 80,000 residents in the metro area and the economy is bolstered by the Malmstrom Air Force Base, as well as the Benefits Health System and other various economic drivers.
- Fee simple interest
- Property features an absolute NNN lease
- Rental increases of 10% every 5 years
- Two, 5-year options for renewal
- Ideal long-term passive investment