BMO Harris Bank

2 Carlyle Plaza Drive, Belleville, IL 62221
$2,700,000
Status Available
Price $2,700,000
Cap Rate 5.66%
Price/SF $282
NOI $152,897
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start December 2015
Lease Expiration December 2025
Building Size 9,575 SF
Lot Size 60,113 SF

Overview

This BMO branch is less than 20 miles from downtown St. Louis. Situated along Illinois Rout 116, the property is located at the signalized intersection of N Belt E and Carlyle Plaza Drive. The building consists of 9,575 square feet of improvements. The site features excellent visibility and accessibility with two points of ingress/egress, 50 parking spaces, and five drive-thrus.

The branch is ideally located on a major east west thoroughfare with a traffic count of nearly 21,000 vehicles per day. The site benefits from its location as an outparcel to a shopping center, which generates significant consumer traffic. Local retailer Schnucks as well as national retailers Dollar Tree, Office Depot, and Sally Beauty Supply operate in the shopping center.

Within a 5-mile radius, the population and average household income are approximately 94,000 and $79,000, respectively. This branch had substantial bank deposits of nearly $51 million.