BMO Harris Bank

Highlights:

• 15 Year Absolute NNN Lease With Rare 8.50% Increases Every 4 Years
• Long-Term History At Site With $138MM In Deposits
• Newly Constructed Building On Generous Parcel With Drive-Thru
• 233,000 Residents in 5 Miles Earning $115,472 Per Household
• Signalized Corner, Excellent Traffic & Visibility

Description:

Mid-America Real Estate Corporation, is pleased to present BMO Harris Bank located at 1400 Gannon Drive in Hoffman Estates, Illinois. The property is located approximately 30 miles northwest of downtown Chicago and is comprised of a new construction 4,716 square foot retail building situated on a 0.98-acre parcel. BMO Harris Bank relocated an extremely successful branch on the same site, and is subject to a 15-year NNN lease with 8.25% increases every 4 years throughout the primary term. The site is located in the Chicago suburb of Hoffman Estates, with 233,274 residents in a five miles radius that have an average household income over $115,000. The site’s location in a dense and affluent suburban community, excellent traffic exposure, combined with desirable tenancy and new construction, make it an excellent net lease investment opportunity.

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