BMO Harris Bank
| Status | Sold |
|---|---|
| Price | $2,200,000 |
| Cap Rate | 5.49% |
| NOI | $120,807 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Year |
| Lease Start | December 2015 |
| Lease Expiration | December 2025 |
| Building Size | 6,013 SF |
| Lot Size | 43560 AC |
Overview
The property in Elm Grove is approximately 10 miles west of Milwaukee. The site features excellent visibility and accessibility with two points of ingress/egress, 38 parking spaces, and four drive-thrus.
The BMO branch can be found in downtown Elm Grove, a pedestrian-friendly community with a variety of shopping destinations and businesses. Elm Grove is less than three miles from the Milwaukee County Zoo, one of the country’s finest zoological attractions.
The community that surrounds the bank is home to approximately 6,000 residents within a 1-mile radius. This population has an average household income of more than $134,000, which greatly exceeds the national average. This branch had substantial bank deposits of over $134 million, a testament to the long-term success at this location.
