Investment Overview

This brand-new, 15-year triple-net lease with BMO Bank N.A. is corporately guaranteed and includes built-in rent increases every five years, along with six five-year renewal options. The bank is relocating from a nearby strip center where they had 22 years of operating history and over $100 million deposits. This is a high-visibility site with 217 feet of frontage on State Route 31/Richmond Road, which sees 23,400 vehicles per day. The modern branch design includes two drive-thru banking lanes and one drive-thru ATM lane, enhancing customer convenience and operational efficiency. Situated as an outlot to a Kohl’s and Aldi-anchored center, the location benefits from strong foot traffic driven by national co-tenants like Five Below, Michael’s, Petco, and Bath & Body Works, and is directly across from Meijer and The Home Depot, which generate over 2 million combined annual visits. The property is located in McHenry County, which offers a tax advantage over neighboring Cook County and is surrounded by affluent demographics with over 31,000 residents within three miles and an average household income of $114,577 within five miles.