BMO Bank
BMO Bank | 7.50% Cap | Premier Location
Marketing description
BMO Harris Bank is located in the Highland Park neighborhood of St. Paul, MN. Highland Park is St. Paul’s little slice of small town within a big city, and lies along the Mississippi River between Minneapolis and St. Paul. This property is located on Highway 51 where traffic counts average 20,975 vehicles per day and 12,100 vehicles per day on Randolph Ave.
Investment highlights
Strong Corporate Tenant: BMO, headquartered in Chicago, operates over 1,000 U.S. branches and 40,000+ ATMs nationwide. S&P Rated A+ with Revenues exceeding $31 Billion. Recently recognized by Fast Company as one of the World's Most Innovative Companies of 2024.
Legacy Asset Advantage: BMO Bank is a rare legacy asset featuring a large lot and grandfathered drive-thru facility, providing significant competitive advantages in St. Paul’s restrictive zoning environment.
Premier Location: Strategically positioned in Highland Park, one of St. Paul's most desirable neighborhoods—ranked #2 Best Neighborhood to Raise a Family in St. Paul by Niche.
Education Hub: Located within blocks of prestigious higher educational institutions including St. Catherine University, University of St. Thomas, and Macalester College.
Strong Demographics: Serves a robust 5-mile population of 371,376 residents with an affluent average household income of $166,154 within a 1-mile radius.
High-Traffic Corridors: Prime exposure on two major arterials—Highway 51 (20,975 vehicles per day) and Randolph Avenue (11,100 vehicles per day).
Capital City Market: Located in St. Paul, Minnesota's capital city (population 319,465)—the state's second-largest city and home to major attractions including Xcel Energy Center, Allianz Field, University of Minnesota East Campus, and multiple higher education institutions.
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