BMO Harris Bank
Status | Sold |
---|---|
Price | $2,564,000 |
Cap Rate | 5.00% |
NOI | $128,088 |
Lease Type | Absolute NNN |
Lease Term | 10 Years |
Lease Start | March 2015 |
Lease Expiration | March 2025 |
Building Size | 6,035 SF |
Lot Size | 63598 AC |
Overview
The property, positioned near the major regional thoroughfare of Red Mountain Freeway, is passed by over 21,000 cars daily. The site consists of 6,035 square feet with four points of ingress/egress, a 40-space parking lot, and three drive-thru lanes.
North Power Road boasts a variety of big-box retailers such as Bashas’, Target, Bed Bath & Beyond, The Home Depot, and Safeway. The branch also benefits from its location across the street from Albertson’s grocery store. Additionally, the immediate area is home to Apache Wells Golf Course, Painted Mountain Golf Club, and Alta Mesa Golf Club, all of which drive traffic to the branch.
Located in a residential area, the property is surrounded by an affluent community within a 1-mile radius. The average annual household income is over $93,000.