Listed by Founders 3 Real Estate Services Office & Industrial Brokerage Division
$1,250,000
BMO Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 29,798
Lease Type NNN
Remaining Term 6.8
Lease Options Three (3), Five (5) Year Renewal Options
Price per SqFt $42
Year Built 1882
Acreage 1.540
Ground Lease No
Retail | 29,798 SqFt
Marketing description
BMO Bank provides a broad range of personal banking products and solutions across the United States. Established in 1882 as Harris Bank, and owned by BMO Financial Group since 1984, BMO Bank has grown to be one of the largest banks in the Midwest serving personal, commercial and affluent customers.
BMO Bank provides a broad range of personal banking products and solutions through over 1,000 branches, and fee-free access to over 40,000 ATMs across the United States. These include solutions for everyday banking, financing, investing, as well as a full suite of integrated commercial and financial advisory services. BMO Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S.
Investment highlights
- Anchored Long-Term by BMO – Triple Net Structure
- 6.8 years of remaining lease term – Lease until 2033
- Three (3), Five (5) Year Renewal Options
- Investment Grade Tenancy
- A+ (S&P) / Aa2 (Moody’s) rated credit
- 14th largest bank in North America with over 1,000 branches across the country
- NNN Structure & Diverse Third-Party Tenant Mix
- BMO reimburses 44.52% of CAM, RE Taxes, and Insurance
- Additional tenants include Skin Win Dermatology, Moments Hospice, and United Way, contributing to a well-established local tenant base
- Significant Annual Deposits & Market Share
- Approximately $120 million in total annual deposits
- 10% market share of deposits in Oneida County
- Premier Corner Location in Downtown Rhinelander
- Rhinelander named the “Best City in Wisconsin” in 2023 by the Milwaukee Record
- Attractive corner lot between Davenport Street (2,700 VPD) and N Brown Street (2,000 VPD)
- Drive-Thru with Strong Redevelopment Potential
- Five (5) lane drive-thru situated on 1.32 AC parcel
- Site includes an outlot suitable for redevelopment
Listing Contacts
Listed by Founders 3 Real Estate Services Office & Industrial Brokerage Division
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