BMO Harris Bank
303 North Montezuma Street,
Prescott,
AZ
86301
$3,100,000
| Status | Sold |
|---|---|
| Price | $3,100,000 |
| Cap Rate | 4.39% |
| NOI | $136,074 |
| Lease Type | Absolute NNN |
| Lease Term | 15 Years |
| Lease Start | March 2015 |
| Lease Expiration | March 2030 |
| Building Size | 5,131 SF |
| Lot Size | 66647 AC |
Overview
Located at the intersection of Sheldon Street and Montezuma Street, the property is afforded a strong retail branch location with a traffic count of more than 22,000 cars per day. The branch comprises 5,131 square feet with a generous 85-space parking lot and three drive-thrus.
The site is located in downtown Prescott, which is characterized by charming shops and eateries. In particular, the property benefits as an outparcel to a shopping center anchored by a Staples and Albertsons.
The community that surrounds the bank is home to approximately 32,000 residents within a 3-mile radius. Within that same parameter, average household incomes are nearly $60,000.