Form Retail Advisors is pleased to announce the sale offering of 2219 Oak Bay Avenue located in Victoria, BC (the “Subject Property”). The Subject Property is a 3,541 square foot, single story BMO bank branch located in greater Victoria’s highly affluent Oak Bay area.
• One of the Big Five Banks in Canada, The Bank of Montreal is a highly diversified financial services provider with assets totaling $710 billion, a market cap of $62.37B (March, 2018) and employment of over 45,000 employees.
• BMO ranks as Canada’s fourth largest bank, serving customers through personal, business, public sector and institutional offices in Canada, the United States and 12 countries internationally.
Single-tenant financial institution secured by The Bank of Montreal (BMO) on a carefree, fully net, lease with term remaining until 2031.
Secure income stream with built-in rent escalations every year for the balance of the term.
Strategically positioned along the main commercial arterial roadway serving the highly affluent Oak Bay municipality.
The Subject Property occupies a central position along Oak Bay’s high street stretching from Haynes Park to Foul Bay Road providing a direct link to Downtown Victoria.
Oak Bay Avenue is a unique village-style retail promenade offering a boutique shopping experience that features a wide variety of local, regional and national retailers including Pharmasave, Starbucks and numerous Canadian financial institutions.
Excellent street-front exposure with ~40 feet of frontage along Oak Bay Avenue with free parking available along the north boundary of the Property.
Strong corporate covenant: The Bank of Montreal is Canada’s fourth largest bank by total assets and has a market cap of $62.37B (March, 2018).
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