BMO Harris Bank

3100 West Indian School Road, Phoenix, AZ 85017
$3,155,000
Status Sold
Price $3,155,000
Cap Rate 5.10%
Price/SF $542
NOI $160,748
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start March 2015
Lease Expiration March 2025
Building Size 5,826 SF
Lot Size 60113 AC

Overview

The branch, located a short drive from US Route 60, consists of 5,826 square feet. With a traffic count of 50,425 cars per day, the property features three points of ingress/egress to a 65-space parking lot with three drive-thrus.

Situated in a mixed-use corridor, the building benefits from traffic generated from adjacent residential communities, business parks and shopping centers. Notable big-box retailers include Costco and Ranch Market, a regional supermarket chain.

The surrounding residential base is home to over 470,000 residents in a 5-mile radius. Within that same radius, the average household income is roughly $50,000.