LEASE & LOCATION:
• BMO Harris Bank has ±58% of the total deposit market share in the Plano, IL region.
• Absolute NNN Lease with zero landlord responsibilities.
• The lease features 1.5% annual increases and eight, 5-year option periods.
• Deposits have increased over 30% since 2018, proving this to be a strong location in a growing market.
• Ideally positioned along Walter Payton Memorial Highway, this property is surrounded by several national retailers including Walmart, Aldi, Arby’s Murphy USA, Smoothie King, AutoZone, O’Reilly Auto Parts.
• Plano, IL is ±50 miles west of Chicago and has seen a population growth of nearly 1% annually since 2010.
• Built in 1992, this branch has successfully operated for over 30 years. • Average household income with a 5-Mile Radius over $100,000.
TENANT:
• Extremely strong credit rating of A+ (S&P 500) with over $940B in total assets as of April 2023.
• Founded in 1882, BMO Harris Bank is headquartered in Chicago, IL. Its parent company is the Bank of Montreal with a market cap of $62.5B (NYSE: BMO).
• Serving over 12 million customers globally, BMO Harris Bank has over 600 branches 1,300 ATMs, and has nearly 15,000 employees