BMO Harris Bank

410 Broad Street, Lake Geneva, WI 53147
$1,840,000
Status Sold
Price $1,840,000
Cap Rate 5.68%
NOI $104,537
Price/SF $402
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start December 2015
Lease Expiration December 2025
Building Size 4,577 SF
Lot Size 30555 AC

Overview

The BMO bank branch is ideally located in the city of Lake Geneva, a pedestrian friendly, year round tourist destination. The building totals 4,577 square feet with parking for 19 cars and four drive-thrus.

In addition to benefitting from wealthy tourist traffic, 18,000 Lake Geneva residents live within a 5-mile radius from the bank. This same population maintains an average household income of approximately $78,000. This branch had substantial deposits of $66 million. The deposits and year round tourism are a testament to the long-term success at this branch.