BMO NNN Corp. Lease - 6% Cap - Phoenix 2 of 2

Highlights:

• 6.04% Cap Triple Net Corporate Building Lease
• 3 Drive-Thru Tellers
• 70+ Parking Spaces
• Positioned prominently on a busy signalized corner
• High-traffic street with car counts around 53K vehicles per day in front of the building
• Available is another BMO Bank N.A. Branch seven miles to the south.

Description:

On offer is a 6.04% Cap Triple Net Corporate Building Lease for a BMO Bank N.A. branch in Phoenix. BMO Bank N.A. boasts $290 Billion in Assets, a $93 Billion Market Capitalization, with this branch having $33.45 Million in Deposits.

With a long-term Tenant on their first five-year Lease Extension, the Lease calls for seven more five-year Options. The property consists of a 5,965 SF building on a 60,197 SF lot, features three drive-thru tellers, and 70+ parking spaces.

Positioned prominently on a signalized corner, the lot sits on a high traffic count road that that is less than a mile to Interstate 17 to the west and Highway 60 to the east. Car traffic at the property ranges from 51,000 to 55,000 per day in front of the building.

While Phoenix ranks as the 5th largest U.S. city by population as of 2024, the 2024 Population Estimate for a 5-Mile Radius boasts 504,000 people, with 2029 Population Projections pushing closer to 545,000 people. This growth is driven in large part by the “Silicon Desert” expansion happening in the greater Phoenix area.

Available is another BMO Bank N.A. Branch seven miles to the north.

Building Square Footage is listed as 5,965 SF by the Assessor and 5,826 SF by the Lease.

Documents: