BMO Harris Bank
1784 Superior Street,
Three Lakes,
WI
54562
$785,000
| Status | Sold |
|---|---|
| Price | $785,000 |
| Cap Rate | 6.09% |
| NOI | $47,780 |
| 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.