BMO Harris Bank
5704 West Glenn Drive,
Glendale,
AZ
85301
$4,100,000
| Status | Sold |
|---|---|
| Price | $4,100,000 |
| Cap Rate | 4.52% |
| NOI | $185,485 |
| Lease Type | Absolute NNN |
| Lease Term | 15 Years |
| Lease Start | March 2015 |
| Lease Expiration | March 2030 |
| Building Size | 6,857 SF |
| Lot Size | 26572 AC |
Overview
Located at the intersection of Glenn Drive and 57th Street, this Phoenix Metropolitan Area branch features excellent visibility and accessibility with three points of ingress/egress to an 18-space parking lot and four drive-thrus. The site is also less than one-half mile from US Route 60, a major regional highway.
Located in the heart of Glendale, the local area is characterized as a pedestrian-friendly neighborhood. The immediate area contains numerous businesses and restaurants that drive foot traffic to the branch.
The property boats an extremely dense infill location. Within 5-miles of the branch there are nearly 500,000 residents.
