Net Lease BMO Property Profile and Cap Rates Date September 17, 2020
Net Lease BMO – Typical Property and Lease Terms
| Price Range: | $1.5mm - $3.5 mm |
| Cap Rate: | 5.00% |
| Net Income: | $130,000 |
| Price Per foot: | $550 PSF |
| Building Size: | 5,500 SF |
| Lot Size: | 1 AC |
| Escalations: | 2% Annually |
| Lease Term: | 10 Years |
| Lease Type: | NNN |
| Credit Rating: | A+ (S&P) |
Tenant Company Information:
BMO Harris Bank, N.A. is a United States bank based in Chicago, Illinois. It is a member of the Federal Reserve System and operates branches in the states of Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, Wisconsin, and California. BMO Harris Bank has over 600 branches and 1,300 ATMs and employs 14,500 staff in the United States. BMO Harris Bank is the twentieth largest banking institution in the United States. [2]
The bank is a subsidiary of the Canadian multinational investment bank and financial services company Bank of Montreal, commonly known as “BMO” (pronounced /ˈbiːmoʊ/), which owns BMO Harris Bank through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial Corporation).
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