12 Penny Lane Gallatin Gateway Montana

Listing Status: For Sale

MLS #: 409921

Asking Price: $10959000

Building SqFt: 38563

Unit SqFt: 38563

Commercial Lot Size: 2.5

Zoning/Use: B-2 / M1

12 Penny Lane — Gallatin Gateway, Montana
Net‑Leased Showroom & Fabrication Facility

Single‑Tenant | Purpose‑Built | Resort‑Market Exposure

Offered at $10,959,000.

7.25% Cap Rate

Executive Overview

12 Penny Lane offers investors the opportunity to acquire a fully leased, mission‑critical commercial facility serving Montana’s premier luxury residential construction markets, including Big Sky, Yellowstone Club, Spanish Peaks, and Moonlight Basin. The property is 100% leased to Earth Elements LLC under a newly structured modified NNN lease that delivers durable income, minimal landlord responsibilities, and built‑in annual rent growth.

Originally purpose‑built in 2017 with over $4 million in specialized improvements, the facility functions as a destination showroom, fabrication hub, and corporate headquarters. The building’s highly customized nature significantly reduces tenant relocation risk and provides strong long‑term income security.

Investment Highlights

100% Occupied, Single‑Tenant Asset
New arm’s‑length lease with established operating tenant
Strong In‑Place Cash Flow
Net Operating Income of approximately $900,231
Modified NNN Lease Structure
Flat $3.00/SF expense recovery with no annual reconciliation
Annual Rent Growth
3% annual escalations on base rent
Purpose‑Built, Non‑Commodity Real Estate
Irreplaceable showroom and fabrication infrastructure
High‑Barrier Resort Market Location
Limited competing inventory for comparable uses
Replacement Cost Support
Insured building replacement value of $7.29M (exclusive of land)

Property Description

Address: 12 Penny Lane, Gallatin Gateway, MT 59730
Property Type: Commercial — Showroom / Fabrication / Warehouse
Total Rentable Area: 38,563 SF (inside‑wall measurement)

Office / Showroom: 14,344 SF
Warehouse / Fabrication: 24,219 SF

The property features a custom architectural façade, extensive glass storefront exposure, and seven fully built‑out showroom departments serving architects, designers, and high‑net‑worth clientele. The rear fabrication area includes advanced CNC machinery, water‑jet cutting, overhead crane systems, and loading dock access—creating a vertically integrated operational environment.

Evan McCaw  406-581-2213