BMO Harris Bank

9050 North 19th Avenue, Phoenix, AZ 85021
$2,820,000
Status Available
Price $2,820,000
Cap Rate 5.10%
Price/SF $642
NOI $143,716
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start September 2014
Lease Expiration September 2024
Building Size 4,392 SF
Lot Size 40,075 SF

Overview

The property is located on 19th Avenue, a major north-south thoroughfare in Phoenix, which is trafficked by approximately 41,000 vehicles per day. The property also benefits from its proximity to Dunlap Avenue and its 32,000 vehicles per day traffic count. The bank branch has 36 parking spaces and four drive-thru lanes.

The site lies approximately one mile east of Interstate 17, which offers direct access to downtown Phoenix. The property is across the street from a shopping center anchored by El Rancho Market, driving consistent consumer traffic. The Metrocenter Mall, anchored by Dillard’s and Macy’s, is located two miles from the branch.

This branch has strong demographics with a densely populated area of over 404,000 residents within a 5-mile radius.