BMO NNN Corp. Lease - 6.67% Cap
4,358 Sq Ft - Long Term Tenant
Marketing description
PRICE REDUCED!
On offer is a 6.67% Cap Triple Net Corporate Building Lease for a BMO Bank N.A. branch in Phoenix. BMO Bank N.A. boasts $290 Billion in Assets, a $93 Billion Market Capitalization, with this branch having $50 Million in Deposits.
With a long-term Tenant on their first five-year Lease Extension, the Lease calls for seven additional five-year Options. The property consists of a 4,358 SF building on a 39,640 SF lot and features three drive-thru tellers, and 34+ parking spaces.
Positioned prominently on a high-traffic street with car counts ranging from 35,000 to 40,000 vehicles per day in front of the building (and similar counts at the nearest intersection) the property is located about a mile to Interstate 17.
While Phoenix ranks as the 5th largest U.S. city by population as of 2024, the 2024 Population Estimate for a 5-Mile Radius boasts 443,000 people, with 2029 Population Projections pushing closer to 478,000 people. This growth is driven in large part by the “Silicon Desert” expansion happening in the greater Phoenix area.
Building Square Footage is listed as 4,358 SF by the Assessor and 4,392 SF by the Lease.
Investment highlights
- 6.67% Cap Triple Net Corporate Building Lease
- 3 Drive-Thru Tellers
- 34+ Parking Spaces
- High-traffic street with car counts around 37K vehicles per day in front of the building
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