BMO Harris Bank
3100 West Indian School Road,
Phoenix,
AZ
85017
$3,155,000
| Status | Sold |
|---|---|
| Price | $3,155,000 |
| Cap Rate | 5.10% |
| NOI | $160,748 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | March 2015 |
| Lease Expiration | March 2025 |
| Building Size | 5,826 SF |
| Lot Size | 60113 AC |
Overview
The branch, located a short drive from US Route 60, consists of 5,826 square feet. With a traffic count of 50,425 cars per day, the property features three points of ingress/egress to a 65-space parking lot with three drive-thrus.
Situated in a mixed-use corridor, the building benefits from traffic generated from adjacent residential communities, business parks and shopping centers. Notable big-box retailers include Costco and Ranch Market, a regional supermarket chain.
The surrounding residential base is home to over 470,000 residents in a 5-mile radius. Within that same radius, the average household income is roughly $50,000.