Skip to main content

Single-Tenant Office

BMO Harris Bank

8675 US-31, Indianapolis, IN 46227

Listing Price: $1,300,000

Cap Rate
6.46%
Lot Size
0.88 acres
Year Built
1988

Investment Overview

Marcus and Millichap is pleased to present the Absolute NNN BMO Harris Bank in Indianapolis, IN. The bank is situated on approximately on 0.88 +/- acres and was built in 1988. The property has been an operating bank branch since development in 1988 and BMO just recently executed an early renewal option which extends their firm term through August 2025. There are Four (4), Five (5) year renewal options after the initial lease term ends in 7+ years.

BMO Bank is Strategically positioned as an out lot to a major retail center on US Highway 31 South. US 31 South is one of the largest retail corridors in the Indianapolis area and is the major North/South thoroughfare through Greenwood, leading into Indianapolis. This property sits just one block north of the Greenwood Park Mall, one block West of Community Hospital and is in close proximity to a multitude of National, Regional, and Local tenants. The Southside of Indianapolis and the Greenwood area is one of the fastest growing populations in the Indianapolis MSA, due to its proximity to major highways, low cost of living, and affordable housing options. With a growing population and a booming local economy, this property should provide an investor with stable cash flow for years to come.

Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $987 billion as of April 30, 2020 and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.

Investment Highlights

  • A+ Credit Rated Tenant from Standard and Poors
  • Long-Term Absolute NNN Lease | Zero Landlord Responsibilities | 31 Year Site History
  • Located Along US 31 South, One of the Largest Retail Corridors in the City
  • US 31 South has Traffic Counts in Excess of 30,000 Vehicles Per Day
  • Population of Nearly 200,000 People in the Five Mile Area

Exclusively Listed By

Single-Tenant Office

BMO Harris Bank

Listing Price: $1,300,000

Cap Rate
6.46%
Lot Size
0.88 acres
Year Built
1988

Investment Highlights

  • A+ Credit Rated Tenant from Standard and Poors
  • Long-Term Absolute NNN Lease | Zero Landlord Responsibilities | 31 Year Site History
  • Located Along US 31 South, One of the Largest Retail Corridors in the City
  • US 31 South has Traffic Counts in Excess of 30,000 Vehicles Per Day
  • Population of Nearly 200,000 People in the Five Mile Area

Investment Overview

Marcus and Millichap is pleased to present the Absolute NNN BMO Harris Bank in Indianapolis, IN. The bank is situated on approximately on 0.88 +/- acres and was built in 1988. The property has been an operating bank branch since development in 1988 and BMO just recently executed an early renewal option which extends their firm term through August 2025. There are Four (4), Five (5) year renewal options after the initial lease term ends in 7+ years.

BMO Bank is Strategically positioned as an out lot to a major retail center on US Highway 31 South. US 31 South is one of the largest retail corridors in the Indianapolis area and is the major North/South thoroughfare through Greenwood, leading into Indianapolis. This property sits just one block north of the Greenwood Park Mall, one block West of Community Hospital and is in close proximity to a multitude of National, Regional, and Local tenants. The Southside of Indianapolis and the Greenwood area is one of the fastest growing populations in the Indianapolis MSA, due to its proximity to major highways, low cost of living, and affordable housing options. With a growing population and a booming local economy, this property should provide an investor with stable cash flow for years to come.

Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $987 billion as of April 30, 2020 and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower