BMO Harris Bank

1784 Superior Street, Three Lakes, WI 54562
$785,000
Status Sold
Price $785,000
Cap Rate 6.09%
NOI $47,780
Price/SF $275
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start December 2015
Lease Expiration December 2025
Building Size 2,853 SF
Lot Size 22651 AC

Overview

Located at the hard corner of Superior and West School streets, the Three Lakes branch is passed by approximately 17,000 cars per day. The bank totals 2,853 square feet with two drive-thrus, a 24-space parking lot, and is afforded good visibility and accessibility.

Three Lakes is characterized as a charming, pedestrian-friendly community. The town is home to numerous shops, boutiques, businesses, and restaurants.

A population of nearly 2,000 residents lives within a 5-mile radius from the bank. This same demographic has an average household income of more than $64,000. The town’s low cost of living and many outdoor activities make Three Lakes a desirable location with a high quality-of-life.