BMO Harris Bank

2042 Lime Kiln Rd, Green Bay (Lime Kiln), WI 54311
$2,091,000
Status Sold
Price $2,091,000
Cap Rate 5.40%
Price/SF $435
NOI $112,920
Lease Type Absolute NNN
Lease Term 9 Years
Lease Start December 2015
Lease Expiration December 2030
Building Size 4,803 SF
Lot Size 1.16 AC

Overview

Built in 2005 specifically for BMO Harris Bank (“BMO”), the branch has operated at this site for over 16 years. BMOs long term commitment to this site was displayed by exercising its first option early extending the lease term through 2030.

This branch had a substantial deposit base of over $84 million in 2021. Deposits have grown nearly 234% since 2019.

The property is less than one-half mile from Interstate 43, the major regional thoroughfare. The branch benefits as an outparcel to a large shopping center anchored by a Target and Pick n’ Save grocery store.