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 |
| 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.