587-612-9311
606 4 Av S, Lethbridge, AB for Sale
Bank - FOR SALE
1/2
null | Request Cap Rate

606 4 Av S
Lethbridge, AB T1J 0N7


HIGHLIGHTS

  • Investment Grade Credit Tenant BMO’s credit rating from Standard & Poor’s (S&P) is A+
  • Attractive Assumable Debt Co-terminus debt facility with a fixed interest rate of 2.50% per annum
  • Drive Thru Lanes Drive-thru ATM lane with turn access directly onto 4th Avenue S
  • Stabilized Property Long term remaining WALT and additional rental steps

OVERVIEW

Jones Lang LaSalle Real Estate Services, Inc. (the "Advisor") has been exclusively retained by Otis Properties (the “Vendor”) to present an opportunity to acquire a single-tenanted, freestanding building, featuring a drive-thru, located in 606 4th Ave South, Lethbridge AB (the “Property” or “Offering”). The Property is 100% occupied by BMO Financial Group (Ticker: BMO; exchanges: TSX, NYSE), one of Canada’s “Big Five” banks. BMO offers financial services, including personal and commercial banking, wealth management, and investment banking. BMO’s current market capitalization is C$102 billion and had C$58 billion in revenue during the 2024 calendar year. Situated in the heart of Downtown Lethbridge, the Offering fronts 4 Avenue S with easy access onto Scenic Drive S and Stafford Drive S. Surrounded by competing banks, the branch is a highly strategic location for BMO where it operates both its personal banking and private wealth management business lines.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C-D

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

587-612-9311

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587-612-9311

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