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BMO Harris Bank 103 W Bloomingdale Ave 4,637 SF Retail Building Brandon, FL 33511 $3,150,000 ($679.32/SF) 6.22% Cap Rate
Investment Highlights
- $61.4m in deposits for 2024
- Undergoing full interior renovation at tenant expense
- Excellent frontage and parking
- Recent 5-year lease renewal & 5 year remaining option (executed 2/25)
- Outparcel in attractive center
- 40k AADT
Executive Summary
This is the sale of a well located BMO Harris bank branch outparcel to the Bloomingdale Commons shopping center. The tenant recently executed their first 5-year option with three (3) remaining 5-year options. Additionally, the Bank is undergoing a substantial interior renovation demonstrating intent to grow their presence and continue to invest in the location. 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).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,637 SF
Building Class
B
Year Built
2006
Price
$3,150,000
Price Per SF
$679.32
Cap Rate
6.22%
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
Amenities
- Banking
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
BMO began in 1817 as the Bank of Montreal and has grown into a diversified North American financial services company. BMO provides personal and commercial banking, wealth management, global markets, and investment banking services, along with loans, credit cards, mortgages, and investment solutions for consumers and businesses. BMO also serves U.S. customers through retail and business banking offerings while maintaining a broad presence across Canada and the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-10-30-20-94A-000000-00004.0 | Improvements Assessment | $1,639,200 |
| Land Assessment | $100 | Total Assessment | $1,639,300 |
Property Taxes
Parcel Number
U-10-30-20-94A-000000-00004.0
Land Assessment
$100
Improvements Assessment
$1,639,200
Total Assessment
$1,639,300
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