BMO Harris Bank
| Status | Sold |
|---|---|
| Price | $3,750,000 |
| Cap Rate | 6.90% |
| NOI | $259,055 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | December 2015 |
| Lease Expiration | December 2025 |
| Building Size | 9,962 SF |
| Lot Size | 119354 AC |
Overview
Brookfield is located approximately 12 miles west of Downtown Milwaukee along Interstate 94. The property, situated on US Route 190, consists of 9,962 square feet of improvements. The site features excellent visibility and accessibility with signage on US Route 190, 64 parking spaces, and three drive-thrus.
Brookfield is the third largest city in Waukesha County. The local economy is focused on manufacturing, retail and technical services. Home to more than 2,000 businesses, Brookfield possesses a thriving commercial real estate market and is well-positioned to accommodate business expansions and relocations.
Brookfield is characterized as an upper-middleclass community. This population has an average household income that exceeds $135,000, which is $60,000 more than the national average. This branch had substantial bank deposits of nearly $70 million. Amazon will be installing Amazon Lockers in this branch later this year which will drive additional traffic to the site.
