BMO Harris Bank
3890 East Main Street,
St. Charles,
IL
60174
$3,720,000
| Status | Sold |
|---|---|
| Price | $3,720,000 |
| Cap Rate | 4.50% |
| NOI | $167,579 |
| Lease Type | Absolute NNN |
| Lease Term | 15 Years |
| Lease Start | December 2015 |
| Lease Expiration | December 2030 |
| Building Size | 7,131 SF |
| Lot Size | 83372 AC |
Overview
Situated at the hard corner of East Main Street and Smith Road, the St. Charles property is passed by 34,000 cars per day. The building totals 7,131 square feet and the site benefits from signage on the main thoroughfare in St. Charles, a 40-space parking lot, and six drive-thrus.
The building is adjacent to an abundance of shopping centers, big-box retailers, and dining establishments. Customers of the nearby Walmart Supercenter and Target continue to drive traffic to the branch.
The affluent community, within a 5-mile radius, is home to over 112,000 people with an average household income of $115,000. St. Charles residents benefit from the 35-mile commute to downtown Chicago.
