BMO Harris Bank

19428 North R.H. Boulevard, Sun City West, AZ 85375
$2,875,000
Status Sold
Price $2,875,000
Cap Rate 4.25%
Price/SF $623
NOI $122,310
Lease Type Absolute NNN
Lease Term 15 Years
Lease Start March 2015
Lease Expiration March 2030
Building Size 4,612 SF
Lot Size 39204 AC

Overview

Positioned less than one mile from US Route 60, the branch features excellent visibility and accessibility with three points of ingress/egress, parking for 36 cars, and two drive-thrus.

The local area is characterized by a mix of dense residential neighborhoods, recreational destinations, and commercial amenities. Notable retailers include Fry’s, Safeway, Walgreens, and Bashas’. Furthermore, the Recreation Center of Sun City complex and Hillcrest Golf Course sit across the street from the building.

A population of 183,000 residents live within a 5-mile radius from the branch. This same population has an average household income of more than $60,000. Substantial branch deposits of $103 million reinforce the long-term success of this location.