Bank
BMO Bank (2nd Busiest Arizona Branch; Placer.ai)
5504 W Bell Rd Glendale, AZ 85308, Glendale, AZ 85308
Listing Price: $2,127,000
Investment Overview
Offered for sale is an Absolute Net leased BMO Bank in Glendale, Arizona, situated on a 1.22-acre signalized hard corner along heavily trafficked Bell Road (47,619 VPD). The tenant recently exercised a lease option, leaving 3.7 years remaining with two percent annual rent increases. The property's below-market rent is complemented by a well-above-average deposit base that has grown 51 percent since 2023. Per Placer.ai, the branch ranks as the second-busiest BMO location in Arizona, placing it in the 98th percentile statewide and 93rd percentile nationwide for visits.
BMO Bank (2nd Busiest Arizona Branch; Placer.ai)
Investment Highlights
- Second Busiest BMO Branch in Arizona | 98th Percentile Statewide & 93rd Percentile Nationwide for Visits
- Recently Exercised Option | Absolute Net Lease With 3.7 Years Remaining and Two Percent Annual Rent Increases
- Below-Market Rent | Well-Above-Average Deposit Base With 51 Percent Growth Since 2023
- Signalized 1.22-Acre Hard Corner Site on Bell Road (47,619 VPD) | Four-Lane ATM Drive-Thru
- Dense 5-Mile Trade Area | 350,702 Residents and $104,245 Average Household Income
- Outparcel to LA Fitness | Regional Retail Corridor Anchored by Walmart, WinCo Foods and Kohl's
- 1.5 Miles from the 1.2 Million-SF Arrowhead Towne Center
- Arizona Represents BMO's 4th Largest U.S. Market
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
Senior Managing Director, Market Leader - Arizona
Bank
BMO Bank (2nd Busiest Arizona Branch; Placer.ai)
Listing Price: $2,127,000
Investment Highlights
- Second Busiest BMO Branch in Arizona | 98th Percentile Statewide & 93rd Percentile Nationwide for Visits
- Recently Exercised Option | Absolute Net Lease With 3.7 Years Remaining and Two Percent Annual Rent Increases
- Below-Market Rent | Well-Above-Average Deposit Base With 51 Percent Growth Since 2023
- Signalized 1.22-Acre Hard Corner Site on Bell Road (47,619 VPD) | Four-Lane ATM Drive-Thru
- Dense 5-Mile Trade Area | 350,702 Residents and $104,245 Average Household Income
- Outparcel to LA Fitness | Regional Retail Corridor Anchored by Walmart, WinCo Foods and Kohl's
- 1.5 Miles from the 1.2 Million-SF Arrowhead Towne Center
- Arizona Represents BMO's 4th Largest U.S. Market
Investment Overview
Offered for sale is an Absolute Net leased BMO Bank in Glendale, Arizona, situated on a 1.22-acre signalized hard corner along heavily trafficked Bell Road (47,619 VPD). The tenant recently exercised a lease option, leaving 3.7 years remaining with two percent annual rent increases. The property's below-market rent is complemented by a well-above-average deposit base that has grown 51 percent since 2023. Per Placer.ai, the branch ranks as the second-busiest BMO location in Arizona, placing it in the 98th percentile statewide and 93rd percentile nationwide for visits.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
Senior Managing Director, Market Leader - Arizona
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