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% |
| 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.
