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Bank

BMO Harris Bank - Hammond

7227 Calumet Ave, Hammond, IN 46324

Listing Price: $1,408,408

Cap Rate
6.85%
Tenant Name
BMO Harris Bank
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
3,901
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.73

Investment Overview

This BMO Harris Bank is offered as an absolute triple net (NNN) lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of one percent plus a CPI adjustment and has more than 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #2 in Indiana and in the top 15 percent nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 110,000 residents and 110,000 employees within a three-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border.

Investment Highlights

  • Absolute Triple Net (NNN) Lease with a Corporate Guarantee
  • Annual Rent Increases of One Percent plus CPI Inflation Adjustment
  • Second Most Visited BMO Location in Indiana | Ranks in the Top 15 Percent Nationally (Placer.ai)
  • Over Six Years Remaining on the Original 12-Year Lease
  • Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility
  • Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day
  • 110,052 People Live and 110,757 People Work within a Three-Mile Radius

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Bank

BMO Harris Bank - Hammond

Listing Price: $1,408,408

Cap Rate
6.85%
Tenant Name
BMO Harris Bank
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
3,901
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.73

Investment Highlights

  • Absolute Triple Net (NNN) Lease with a Corporate Guarantee
  • Annual Rent Increases of One Percent plus CPI Inflation Adjustment
  • Second Most Visited BMO Location in Indiana | Ranks in the Top 15 Percent Nationally (Placer.ai)
  • Over Six Years Remaining on the Original 12-Year Lease
  • Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility
  • Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day
  • 110,052 People Live and 110,757 People Work within a Three-Mile Radius

Investment Overview

This BMO Harris Bank is offered as an absolute triple net (NNN) lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of one percent plus a CPI adjustment and has more than 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #2 in Indiana and in the top 15 percent nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 110,000 residents and 110,000 employees within a three-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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