BMO Harris Bank
| Status | Sold |
|---|---|
| Price | $2,700,000 |
| Cap Rate | 5.66% |
| NOI | $152,897 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | December 2015 |
| Lease Expiration | December 2025 |
| Building Size | 9,575 SF |
| Lot Size | 60113 AC |
Overview
This BMO branch is less than 20 miles from downtown St. Louis. Situated along Illinois Rout 116, the property is located at the signalized intersection of N Belt E and Carlyle Plaza Drive. The building consists of 9,575 square feet of improvements. The site features excellent visibility and accessibility with two points of ingress/egress, 50 parking spaces, and five drive-thrus.
The branch is ideally located on a major east west thoroughfare with a traffic count of nearly 21,000 vehicles per day. The site benefits from its location as an outparcel to a shopping center, which generates significant consumer traffic. Local retailer Schnucks as well as national retailers Dollar Tree, Office Depot, and Sally Beauty Supply operate in the shopping center.
Within a 5-mile radius, the population and average household income are approximately 94,000 and $79,000, respectively. This branch had substantial bank deposits of nearly $51 million.