

BMO Harris Bank
BMO Harris Bank | $1,322,000 | 6.85% CAP
Investment highlights
Investment Grade Credit | Corporate Guarantee - BMO Bank N.A. (S&P: A+) serves as a premier, investment-grade tenant, offering investors a high degree of capital security and lease-term stability. As one of North America's most established financial institutions, BMO operates with a massive global footprint of 125,000+ employees and a robust network of 600+ branches, with total assets over $1.5 trillion, ensuring a dependable, "flight-to-quality" credit profile for the asset.
Absolute Passive Ownership – Zero Landlord Responsibilities - Absolute NNN lease structure — the tenant is responsible for all taxes, insurance, common area maintenance, repairs, and capital expenditures. Zero ongoing landlord management responsibilities make this an ideal 1031 exchange replacement asset, IRA / retirement-plan holding, or estate planning vehicle.
Recently Extended Lease Term - BMO Bank's recently executed a 5-year lease extension, reflecting an unambiguous, voluntary corporate commitment to this site. Lease extensions of this magnitude are the strongest qualitative indicator that a tenant views a location as mission-critical to its branch network.
Mission-Critical, Deposit Branch - The subject branch holds approximately $75.1 million in deposits — a meaningful deposit base that materially exceeds the threshold for what BMO considers a profitable, retention-priority branch in a secondary or tertiary market. The branch has a Nearly 60-Year Banking Site: Banking operations have been continuously conducted at the 2851 Post Road site since 1967, with BMO Harris Bank as the branded operator on site since 2016 — a multi-decade operating history through multiple economic cycles, bank consolidations (M&I → BMO Harris → BMO Bank), and the rise of digital banking.
Affluent Trade Area – Superior Demographic Profile - The property serves a high-income consumer base, with an average household income exceeding $104,000 within a 3-mile radius, and a highly educated workforce with over 42% of Plover Residents aged 25+ hold a bachelor's degree or higher. These strong demographics support a sophisticated banking clientele and provide a stable economic environment that sustains high deposit levels and commercial demand.
Strategic Regional Hub – High-Traffic Gateway Location - Situated in a high-visibility corridor, the branch is strategically positioned at the confluence of the region's most traveled arteries. Located directly off U.S. Route 51 and just north of Highway 54, the site benefits from a constant flow of commuter traffic and serves as a primary financial anchor for the surrounding retail and residential community.
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