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Mountain Center

Price: $9,775,000

NOI: $610,928

Cap Rate: 6.25%

Building SF: 120,460 SF

Land Area: 9.24 Acres

Status: Active

Mountain Center is the dominant anchored retail center in Whitefish, Montana, a major high-end resort community in western Montana.

The offering provides an opportunity to purchase the most established property in Whitefish at an extremely low basis ($81/SF), an attractive return with reliable existing cash flow (6.25% cap rate on as-is), and tremendous rental and leasing upside ($12/SF avg rent, 93% occupied). The Center benefits from a strong mix of successful anchor tenants, including Super 1 Foods (NAP), Sportsman & Ski Haus, Dollar Tree, Bad Rock Fitness, and the ATP Theater.

The Offering presents a rare opportunity to acquire a true value-add center with abnormally low rents, a solid existing income stream, outsized NOI growth, multiple upside opportunities, with an excellent location on Highway 93 in the high-income hyper-growth trade area of Whitefish, Montana.

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