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BMO Harris Bank 103 W Bloomingdale Ave 4,637 SF Retail Building Brandon, FL 33511 $3,250,000 ($700.88/SF) 6.03% Cap Rate

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INVESTMENT HIGHLIGHTS

$61.4m in deposits for 2024
Outparcel in attractive center
40k AADT

Recent 5-year lease renewal & 5 year remaining option (executed 2/25)
Excellent frontage and parking

EXECUTIVE SUMMARY

This is the sale of a well located BMO Harris bank branch outparcel to the Bloomindale Commons shopping center. The tenant has just executed a 2nd 5-year option with a remaining 5-yar option. Deposits are over $61 million for 2024. Bank is attractive with standing seam metal roof, brick exterior walls, excellent signage and 3
covered car lanes with pneumatic tube system. Property boasts 52 parking spaces as well as a cross parking easement with surrounding center. Sit back and clip coupons
with this stable and appreciating asset in high growth 301 Corridor section of Southshore (Hillsborough County).

Offering Memorandum 103 W Bloomingdale

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

4,637 SF

Building Class

Year Built

2006

Price

$3,250,000

Price Per SF

$700.88

Cap Rate

6.03%

NOI

$196,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

1.10 AC

Zoning

PD - Planned Development

Parking

38 Spaces (8.19 Spaces per 1,000 SF Leased)

Frontage

200’ on W. Bloomingdale Ave

Banking
Corner Lot

Signalized Intersection
Tenant Controlled HVAC

Drive Thru
Monument Signage

Air Conditioning

Finance and Insurance
99,999 SF
$9.99
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BMO is a leading North American bank driven by a single purpose: to Boldly Grow the Good in business and life. Their Purpose informs their strategy, drives ambition, and reinforces their commitments to progress: for a thriving economy, a sustainable future and an inclusive society. As one of the largest banks in North America by assets, they provide personal and commercial banking, global markets and investment banking services to millions of customers. They are proud to be fueling progress for individuals, families and businesses across North America. Established in 1817, BMO Financial Group (TSX, NYSE: BMO) is one of the largest banks in North America by assets. They are highly diversified, providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services.