BMO Harris Bank
9035 West Union Hills Drive,
Peoria,
AZ
85382
$2,107,000
| Status | Sold |
|---|---|
| Price | $2,107,000 |
| Cap Rate | 5.00% |
| NOI | $105,343 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | March 2015 |
| Lease Expiration | March 2025 |
| Building Size | 4,727 SF |
| Lot Size | 52708 AC |
Overview
The property benefits from its location along Union Hills Drive, which is traveled by over 26,000 vehicles per day. Four points of ingress/egress, good visibility, 28 parking spaces, and four drive-thrus all contribute to ease of access to this location.
The nearby area is home to a mix of residential communities and national retailers such as Walgreens, CVS Pharmacy, and Fry’s Food and Drug. Fairway Springs at Westbrook Village and Westbrook Village Vistas golf courses are located across the street and drive additional traffic to the branch.
Within a 5-mile radius, the surrounding neighborhood supports over 220,000 residents with an average household income of more than $72,000.
