BMO Harris Bank

615 Water Street, Sauk City, WI 53583

$2,100,000

Cap Rate 6.22%

Views: 56 DOM: 82 Updated: 09.10.24 Posted: 06.26.24 Status: Active

Summary

Price $2,100,000	Built/Renov 2000	Tenant BMO Harris Bank
Cap Rate 6.22%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 6,543	Lease Start 12-01-2000	#Units 1,867
Price/SF $320.95	Expiration 11-30-2026	Tenant Type Bank/Financial
NOI $130,710	R. Term 2.2	Ownership Fee Simple
Rent/SF $19.98	Increases 1.5%/1/yrs	Pop 5Mi 11,285
Lot/AC 0.95	Options 2/5yrs/1.5%	AHHI 5Mi $78,404

Ayson Shammami

ENCORE Real Estate Investment Services

Contact

Lease Highlights

BMO Harris Bank has been operating in this location for 24 years
The tenant has 2+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 1.5% annual rental escalations throughout the initial term and option periods
Over $125M in total 2023 deposits | 51% of the Market Share in Sauk City
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

BMO Harris Bank is strategically located at the hard corner intersection of Water Street and Van Buren Street, with access to a combined daily traffic count of 7,750 vehicles. The property is surrounded by well-known national tenants, including Family Dollar, Dunkin', Culver’s, Piggly Wiggly, Kwik Trip, and more. The 5-mile trade area is supported by a population of 11,285 residents with an...

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Key Features

Hard corner intersection
Build to suit
In location for years
Near major nationals
Strategically located
Long operation history
Absolute NNN
Annual rent increases
Traded and rated company
Investment grade tenant

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Links

BMO Bank Wikipedia BMO Bank Wikipedia Sauk City, Wisconsin Zip Code 53583 Broker Site Page

Maps

Local Information

1 Mile
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5 Miles

Tenant

Tenant: BMO Harris Bank
Guarantor:Corp T and Rated
Company:BMO Bank N.A.
# Units:1,867
Tenant S&P: A+
Moody’s: A3
Stock: NYSE: BMO

About Tenant

BMO Harris Bank, N.A., doing business as BMO Bank North America, is an American national bank. BMO is a traditional retail bank that offers a full range of deposit, lending, and investment...

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Listing Broker

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