BMO Harris Bank - Hammond, IN
6 Years Remaining on Absolute NNN Lease | Second Most Visited Location in Indiana
Marketing description
This BMO Harris Bank is offered as an absolute NNN lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of 1% plus a CPI adjustment and has 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 #3 in Indiana and in the top 17% 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 109,000 residents and 105,000 employees within a 3-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
- Third Most Visited BMO Location in Indiana | Ranks in the Top 17 Percent Nationally (Placer.ai)
- 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
- Est. 7.28 Percent Cap Rate as of 10/1/2026
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