BMO Harris Bank

945 Cardinal Lane, Green Bay, WI 54313
$2,435,000
Status Available
Price $2,435,000
Cap Rate 5.40%
Price/SF $507
NOI $131,571
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start September 2014
Lease Expiration September 2024
Building Size 4,799 SF
Lot Size 43,996 SF

Overview

The property is located at the corner of Cardinal Lane and Tulip Lane amid a residential neighborhood. The property consists of a 4,799 square foot bank branch, six drive-thrus, and has 37 parking spaces. In addition to the local traffic generated on U.S. Highway 41, Cardinal Lane is one of the community’s major roadways.

The surrounding community is comprised primarily of residential neighborhoods, but also supports a collection of restaurants, shopping establishments, and numerous schools, including Bay View Middle School and St. John the Baptist School. Adjacent to the property, the new Prevea Health Wellness Way Clinic supports the desirability of this location.

The community that surrounds the bank is home to approximately 30,000 residents within a 3-mile radius. Within that same parameter, average household incomes are nearly $63,000. The local area boasts a high quality of life and a low cost of living.