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BMO Bank - New 15 Yr Lease 2400 N Richmond Rd 4,882 SF Retail Building Mchenry, IL 60051 $4,844,419 ($992.30/SF) 5.25% Cap Rate
Investment Highlights
- Outlot on Rt 31 in front of Kohl's / Michaels/Aldi anchored SC
- Long term tenant to market (20+ years)
- New 15 year lease
Executive Summary
15 year BMO lease in outlot in front of Kohl's anchored shopping center. Nearby tenants include Meijer, Home Depot, Kohl's, Aldi, Burlington, PetsMart, Michaels, Five Below, and more.
BMO has been operating in market for over 20 years (relocation to upsize / modernize branch).
Rare 15 year primary term.
BMO has been operating in market for over 20 years (relocation to upsize / modernize branch).
Rare 15 year primary term.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,882 SF
Building Class
B
Year Built
2003
Price
$4,844,419
Price Per SF
$992.30
Cap Rate
5.25%
NOI
$254,332
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.02 AC
Parking
25 Spaces (5.12 Spaces per 1,000 SF Leased)
Frontage
60’ on Richmond Rd
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-23-452-001 | Improvements Assessment | $233,478 |
| Land Assessment | $251,388 | Total Assessment | $484,866 |
Property Taxes
Parcel Number
09-23-452-001
Land Assessment
$251,388
Improvements Assessment
$233,478
Total Assessment
$484,866
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BMO Bank - New 15 Yr Lease | 2400 N Richmond Rd
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