BMO Harris Bank
| Status | Sold |
|---|---|
| Price | $1,575,000 |
| Cap Rate | 5.29% |
| NOI | $83,363 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | December 2015 |
| Lease Expiration | December 2025 |
| Building Size | 3,596 SF |
| Lot Size | 39640 AC |
Overview
The property, situated on West Irving Park Road, consists of 3,596 square feet of improvements. The site features excellent visibility and accessibility with three points of ingress/egress, five drive-thrus, and 40 parking spaces. This site has an excellent traffic count of 22,000 cars per day.
The local market is characterized as a residential community that is served by a number of national retailers and restaurants. Notable banners include Jewel- Osco and Walgreens. This branch is located within close proximity to the major retail sector at the intersections of Illinois Routes 59 and 19, also referred to as Sutton Park.
The population and average household income within a 5-mile radius are 233,000 and $91,000, respectively. This branch had bank deposits of over $64 million.
