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7-Eleven
Advance Auto Parts
Affordable Dentures
ALDI
Applebee's
Arby's
Ashley Furniture
AutoZone
Bank of America
BankUnited
BB&T Bank
Best Buy
BMO Harris Bank
Bojangles'
Burger King
Captain D's
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Hardee's
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IHOP
KFC
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Panera Bread
PDQ
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PNC Bank
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Sherwin-Williams
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Zaxby's
  BMO Harris Bank


Average Property & Lease

Average Sale Price$2,413,909
CAP Rate (12mo avg with 10+ lease term)5.38%
NOI$127,807
$/Square Foot$522
Building Size5,500 +/- sf
Lot Size0.5 - 1.5 acres
Lease Term10 Years
Escalations2% Annually
CREDIT RATING
A+
S&P
Aa3
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: February 15, 2017
Net Lease Advisor Overview

Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America.

Pros

Cons

  • Investment Grade tenant
  • NNN lease eliminates landlord responsibilities
  • Increases in base term on most leases
  • Several lease extensions of five years each
  • Relatively low CAP rates
  • Most leases are 10-Year Fee Simple lease
Tenant Description

Established in 1817 in Montreal, BMO Financial Group is a highly diversified financial services provider based in North America. On July 5, 2011, BMO announced that it had completed the acquisition of Milwaukee-based Marshall & Ilsley Corporation (M&I). M&I merged with Harris Bank to form BMO Harris Bank N.A., part of BMO Financial Group (TSX, NYSE: BMO.) This integration was completed on October 8, 2012, and all branches now operate under the name BMO Harris Bank.

BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona and Florida. These include solutions for everyday banking, financing, investing, as well as a full suite of integrated commercial and financial advisory services.

BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. They partner closely with BMO Private Bank who serve a full range of client segments, from mainstream to ultra-high net worth, with a broad offering of wealth management products and solutions offered through offices across the United States.


BMO HARRIS BANK TREND
CAP Rate

2015 avg: 5.15%

2016 avg: 5.45%

RECENT SALES

Palatine, IL | 5.09%

Scottsdale, AZ | 4.90%

MORE INFO
www.bmoharris.com
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