Bank
BMO Harris Bank | Strong Deposits & Annual Rental Increases
35 E Main St, Chilton, WI 53014
Listing Price: $1,360,000
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
Financing By
Listing Price: $1,360,000
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
Financing By

