BMO Harris Bank (Dark) | 11.30% Cap

  • $680,000
Hortonville, Wisconsin
  • 58433
  • Cash Flow
  • Gross Revenue
  • EBITDA
  • FF&E
For Sale

BMO Harris Bank (Dark) | 11.30% Cap

Hortonville, Wisconsin
  • $680,000

Overview

Listing ID: 20988
  • 58433
  • Cash Flow
  • Gross Revenue
  • EBITDA
  • FF&E

Description

Marcus & Millichap is pleased to exclusively present for sale the BMO Harris Bank (Dark) located on E Main St in Hortonville, WI.​

Investment Highlights

  • ​Investment Grade Tenant: BMO Harris Bank N.A. is rated A+ by S&P & owned by BMO Financial Group (NYSE: BMO)
  • ​Absolute NNN Lease – No Landlord Responsibilities
  • ​Zoned General Commercial within the Downtown Zoning District
  • ​2% annual rent increases provide a hedge against inflation
  • ​±290,000+ rent due to be collected through the end of the lease term
  • Address 132 E Main St, Hortonville, WI 54944, USA
  • City Hortonville
  • State/county Wisconsin
  • Zip/Postal Code 54944
  • Country United States

Details

Updated on April 9, 2021 at 1:06 am
  • Listing ID: 20988
  • Price: $680,000
  • Business Type: Banking and Loans
  • Listing Status: For Sale
  • Cash Flow: 58433
  • Year Established: 1981

Additional details

  • Purchase Price: $680,000
  • Net Operating Income: $76,759
  • 50% Down Payment : $340,000
  • Interest Rate - 30 years: 3.5%
  • Loan Amount: $340,000
  • Investment Type: Net Lease
  • Tenant Credit: Credit Rated
  • Rent Commencement : 09/08/2014
  • Lease Expiration : 09/29/2024
  • Remaining Term : 3.5 years
  • Cap Rate : 11.30%
  • Net Rentable: (sq ft) 3,408
  • NOI: $76,759
  • Rent Bumps : 2% Annually
  • Tenancy : Single

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