Listed by Founders 3 Real Estate Services Office & Industrial Brokerage Division
$3,300,000
BMO Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 38,792
Lease Type NNN
Remaining Term 12.4
Price per SqFt $85
Ground Lease No
Retail | 38,792 SqFt
Marketing description
For Sale
Investment highlights
- Anchored Long-Term by BMO – Triple Net Structure – Annual Rent Increases
- 11.8 years of remaining lease term – Lease until 2038
- Three (3), Five (5) Year Renewal Options
- Annual increases of 3%
- Investment Grade Tenancy – A+ (S&P) / Aa2 (Moody’s) rated credit
- 7th largest bank in North America with $1.44 trillion in assets
- BMO Reimburses 57.24% of CAM, RE Taxes, and Insurance
- Additional tenants, representing strong local credit, include West Bend Transit & Service Company, Kettle Moraine YMCA, United Way of Washington County, Mid-Moraine Municipal Court, and Headway Search Group
- 2025 Branch Refresh
- BMO is in the process of completing a total branch refresh – estimated $2 million project cost
- Estimated completion date: Q1 2026
- Significant Annual Deposits & Market Share
- Over $200 million in total 2025 deposits
- 6% market share of total West Bend deposits in 2024
- Washington County has 8th largest deposits in Wisconsin
- Consistent Annual Deposit Growth
- 4% average annual deposit growth since 2019
- 20% overall deposit growth since 2019
- Multi-Lane Drive Thru & Ample Parking
- Three (3) lane drive thru with 40 surface parking spaces and 43 designated spaces at adjoining parking lot between the hours of 8:00 a.m. and 5:00 p.m., Monday through Friday (“Workday hours”)
- Recent City Improvements Aligned with Long-Term Growth
- $10 million Downtown Riverwalk Renovation completed in late 2023, including reopening of the city’s signature covered walkway
- 2023 Main Street Reconstruction Project allocated $4.6 million toward infrastructure upgrades and enhanced parking
- Ongoing 20-Year Master Plan supports city-led revitalization of the entire downtown West Bend area
Listing Contacts
Listed by Founders 3 Real Estate Services Office & Industrial Brokerage Division
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