CLOSED ESCROW

NET-LEASED | BMO HARRIS

10 HUNTINGTON LANE

WHEELING, IL 60090

PRICE:

PRICE/SF:

CAP RATE:

TENANT:

CREDIT RATING:

LEASE EXPIRATION:

LEASE TERM REMAINING:

$4,150,000

$719.73

5.12%

BMO HARRIS BANK

A+

 

2026

10 YEARS +

DEAL HIGHLIGHTS​:

  • 1031 Exchange Buyer

  • A+ Credit Rating

  • Over 10 Years Remaining on Lease

  • Corporate Guarantee/ No Landlord Responsibility

 

ASSET HIGHLIGHTS

  • Commencing New 10-Year Lease Extension in February 2016 - 20 Year Operating History at this Location

  • Strong Branch Deposits Exceeding $92 Million - Second Highest Bank Deposit Base in the Entire Zip Code

  • Absolute-Net Lease with 10 Percent Rent Increases Every Five Years - Zero Landlord Responsibilities

  • Best in Class Tenant - BMO Harris Bank N.A. Carries an "A+" Credit Rating from Standard and Poor's

  • High Visibility Site - Stop Light Corner - Large 1.46 Acre Lot - Traffic Counts Exceed 27,600 Vehicles per Day

  • Affluent Population Surrounding the Property - Average Household Income of $108,138 Within a Five-Mile Radius

THE ASSET

BMO Harris Bank National Association provides banking, financing, investing, and wealth management solutions for personal, business, and corporate clients in the United States. The company was founded in 1882 and is based in Chicago, Illinois with additional offices in the United States. The company has branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Nevada, Florida, and Wisconsin. The bank is owned by BMO Financial Corporation, a holding company which in turn is owned by Bank of Montreal, also known as BMO Financial Group.

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

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