The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the BMO Harris Bank in Brookfield, WI. BMO is an investment-grade credit tenant (S&P: A+) and is publicly traded (NYSE: BMO) with a market cap exceeding $94 billion. The absolute NNN lease has ~5 Years remaining in the primary term with 1.5% annual rent increases accompanied by seven, 5-year option periods. With zero landlord responsibilities, this asset is ideal for a 1031 exchange or coupon clippers desiring years of inflation-resistant cash flows.
The 9,829-SF bank building with three drive-thru lanes on a spacious 2.74-acre parcel is located directly on the hard-corner intersection of W Capital Drive (I-41 ALT) and Gateway Road, which has a combined traffic count surpassing 36,300 VPD. Brookfield is part of the Milwaukee-Racine-Waukesha combined statistical area, which has a population of over 2 million, and is within 20 miles of downtown Milwaukee. The branch has annual deposits exceeding $72 million with strong historical performance.
This is an excellent opportunity to purchase an investment-grade single-tenant absolute net leased bank with 35 years in option periods, annual rent increases, and zero landlord responsibilities.