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Bank

BMO Harris Bank | Strong Deposits & Annual Rental Increases

35 E Main St, Chilton, WI 53014

Listing Price: $1,360,000

Cap Rate
6.00%
Tenant Name
BMO Harris
Years Remaining On Lease
3.7
Gross SF
7,465
Guarantor
Corporate Guarantee
Rentable SF
7,465
Price/Gross SF
$182.18
Lease Type
Absolute Net
Rent Per Square Feet
$10.93

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a BMO Harris bank located in Chilton, Wisconsin. This asset is listed at $1,360,000, priced at a 6% CAP rate. There are zero landlord responsibilities (NNN Lease), and there are currently 3.8 years remaining on the term of the lease. The property is a high-performing location ($87,363 in deposits in 2022). There are attractive annual rent bumps of 1.5%. BMO Harris Bank is the 8th largest bank in North America by assets. They provide personal and commercial banking, wealth management and investment services to more than 12 million customers. BMO Harris is a member of the Federal Reserve System and operates branches in the states of Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, Wisconsin, and California. They have over 600 branches, 1,300 ATMs, and employs 14,500 staff in the United States. BMO Harris Bank holds a coveted A+ credit rating from Standard & Poor's. This is an opportunity to purchase an investment grade credit tenant at a high performing location. Please reach out to Marcus & Millichap with additional questions or interest

Investment Highlights

  • Absolute Net Lease I 3.8 Years left on lease term with 1.5% annual rental escalations
  • High Performing Location I $87,363 in annual deposits (2022)
  • Investment Grade Credit Tenant I A+ Credit Rating (S&P)
  • Drive-thru Location

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 | Strong Deposits & Annual Rental Increases

Listing Price: $1,360,000

Cap Rate
6.00%
Tenant Name
BMO Harris
Years Remaining On Lease
3.7
Gross SF
7,465
Guarantor
Corporate Guarantee
Rentable SF
7,465
Price/Gross SF
$182.18
Lease Type
Absolute Net
Rent Per Square Feet
$10.93

Investment Highlights

  • Absolute Net Lease I 3.8 Years left on lease term with 1.5% annual rental escalations
  • High Performing Location I $87,363 in annual deposits (2022)
  • Investment Grade Credit Tenant I A+ Credit Rating (S&P)
  • Drive-thru Location

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a BMO Harris bank located in Chilton, Wisconsin. This asset is listed at $1,360,000, priced at a 6% CAP rate. There are zero landlord responsibilities (NNN Lease), and there are currently 3.8 years remaining on the term of the lease. The property is a high-performing location ($87,363 in deposits in 2022). There are attractive annual rent bumps of 1.5%. BMO Harris Bank is the 8th largest bank in North America by assets. They provide personal and commercial banking, wealth management and investment services to more than 12 million customers. BMO Harris is a member of the Federal Reserve System and operates branches in the states of Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, Wisconsin, and California. They have over 600 branches, 1,300 ATMs, and employs 14,500 staff in the United States. BMO Harris Bank holds a coveted A+ credit rating from Standard & Poor's. This is an opportunity to purchase an investment grade credit tenant at a high performing location. Please reach out to Marcus & Millichap with additional questions or interest

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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