Retail•Free Standing Building•For Sale

Westpark Promenade

1603 Grand Ave., Billings, Montana 59102

Sale Price $25,400,000
Sale Type Investment
Zoning CC
Bldg Type Multi-Tenant
Year Renovated 2018
Stories 1
Vacancy 92%
Gross Bldg 145,378 SqFt
Land Area 19.62 Acres
This offering provides the opportunity to own a very successful grocery anchored center located in an established and centralized location in Billings, Montana. The Property recently underwent a $13,000,000 de-malling, which included the addition of Lucky’s Market, Yellowstone Fitness and Gainan’s Floral. The demolition of approximately 60,000 square feet of interior mall space created the promenade, a drive and pedestrian walkway through the middle of the Property. Coming in at 92.2% occupied, this investment opportunity offers an upside through leasing the vacant spaces. The balance of the Property features a strong mix of national and regional tenants including Apricot Lane, Charter College, Red Robin, TD Ameritrade, Play Live Nation, Pure Barre and Massage Envy. The Property benefits from its excellent visibility and access from high trafficked Grand Avenue, the major east-west commercial thoroughfare that bisects Billings. Located at the corner of Grand Ave. and 17th St. West in Billings, Montana.
1/14/2020 5:16:46 PM 1/14/2020 5:20:21 PM
Shane Jimenez
Principal | CFO
Lee and Associates Idaho
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