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Bank

BMO Harris Bank (Dark)

101 N Main St, Black Creek, WI 54106

Listing Price: $1,055,000

Cap Rate
8.00%
Tenant Name
BMO Harris
Years Remaining On Lease
3.5
Gross SF
3,592
Guarantor
Corporate Guarantee
Rentable SF
3,592
Price/Gross SF
$293.71
Lease Type
Absolute Net
Rent Per Square Feet
$23.51

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease BMO Harris in Black Creek, Wisconsin. The property consists of a 3,592-square-foot, freestanding building that sits on 0.47 acres of land. There are approximately 3.5 years remaining on the current lease term, with annual 1.5% rental escalations. Although BMO Harris has vacated the premises, they are still obligated for approximately $300,000 in future rent obligations. At the asking price, an investor should be able to lower their basis in the property considerably, recapturing approximately 29 percent of their initial investment over the remaining lease term (percentage based on 3.5 years of lease term remaining). The property is located at the hard corner of South Main Street and West Burdick Street, where traffic counts exceed 8,284 vehicles per day. Black Creek is at the intersection of State Highway 54 and State Highway 47, which provide for easy access to major Wisconsin cities like Green Bay (24 miles) and Appleton (16 miles).

Investment Highlights

  • Tenant is Responsible for Approximately $300,000 in Future Rent Obligations
  • Absolute Net Lease with Approximately 3.5 Years Remaining
  • Hard Corner Location on South Main Street and West Burdick Street (8,284 VPD)
  • Easy Access to Green Bay, WI (24 Miles) and Appleton, WI (16 Miles)

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Bank

BMO Harris Bank (Dark)

Listing Price: $1,055,000

Cap Rate
8.00%
Tenant Name
BMO Harris
Years Remaining On Lease
3.5
Gross SF
3,592
Guarantor
Corporate Guarantee
Rentable SF
3,592
Price/Gross SF
$293.71
Lease Type
Absolute Net
Rent Per Square Feet
$23.51

Investment Highlights

  • Tenant is Responsible for Approximately $300,000 in Future Rent Obligations
  • Absolute Net Lease with Approximately 3.5 Years Remaining
  • Hard Corner Location on South Main Street and West Burdick Street (8,284 VPD)
  • Easy Access to Green Bay, WI (24 Miles) and Appleton, WI (16 Miles)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease BMO Harris in Black Creek, Wisconsin. The property consists of a 3,592-square-foot, freestanding building that sits on 0.47 acres of land. There are approximately 3.5 years remaining on the current lease term, with annual 1.5% rental escalations. Although BMO Harris has vacated the premises, they are still obligated for approximately $300,000 in future rent obligations. At the asking price, an investor should be able to lower their basis in the property considerably, recapturing approximately 29 percent of their initial investment over the remaining lease term (percentage based on 3.5 years of lease term remaining). The property is located at the hard corner of South Main Street and West Burdick Street, where traffic counts exceed 8,284 vehicles per day. Black Creek is at the intersection of State Highway 54 and State Highway 47, which provide for easy access to major Wisconsin cities like Green Bay (24 miles) and Appleton (16 miles).

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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