BMO Harris Bank

2110 Burton Lane, Martinsville, IN 46151
$1,609,000
Status Sold
Price $1,609,000
Cap Rate 5.70%
Price/SF $233
NOI $91,719
Lease Type Absolute NNN
Lease Term 12.58 Years
Lease Start 10/1/2019
Lease Expiration 4/30/2032
Building Size 6,896 SF
Lot Size .89 AC

Overview

Equity Investment Advisors is proud to exclusively list for sale a
fee simple absolute NNN BMO Harris Bank in Martinsville, IN.
This seasoned branch has been at this location for over 10 years.
BMO Harris Bank, N.A. has a Standard & Poor’s rating of S&P A+.
BMO Harris Bank has over 600 branches and 1,300 ATMs.

The property sits on a nearly one acre lot which has three drivethru
lanes and 20 parking spaces. Neighboring retailers include
Kroger, Walgreens, Taco Bell, Dollar General, Starbucks, and
McDonald’s and Ace Hardware.

The 2020 branch deposits were $36.3 million. Deposits have
increased 37% over a four year period. The deposits growth
coupled with its proximity to Indianapolis’ future technological
industry growth are testaments to the long-term success to this
branch.