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
Price/SF $604
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.