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Investment Highlights

  • 100% Leased to BMO - Absolute NNN - Annual Rent Increases
  • Significant Deposits
  • Multi-Lane Drive Thru & Ample Parking
  • Lease Term - 2026 Branch Refresh
  • Excellent Credit Tenancy
  • Excellent Visibility and Signage

Executive Summary

This investment offering features a single-tenant BMO Bank branch located at 3131 South 13th Street in Milwaukee, Wisconsin. The property is 100% leased to BMO under an absolute net lease structure, with 7.7 years remaining on the initial term and three additional five-year renewal options. The current lease provides annual rent increases of one percent plus a CPI adjustment, ensuring consistent income growth through the term. BMO’s continued occupancy underscores its commitment to this location, which serves as a well-positioned branch with convenient drive-thru access and ample customer parking.
BMO Bank, rated A+ by S&P and Aa2 by Moody’s, is one of the strongest financial institutions in North America, operating over 1,000 U.S. branches and overseeing assets exceeding $1.44 trillion. The Milwaukee branch holds more than $58 million in deposits as of 2025, reinforcing its significance within the bank’s Midwest footprint. The property is strategically located along a key commercial corridor, providing exceptional visibility, easy access from surrounding neighborhoods, and proximity to regional thoroughfares. It offers a two-lane drive-thru, 59 surface parking spaces, and recent or upcoming improvements, including a scheduled parking lot resurfacing in 2026.
This asset combines a long-term corporate tenant, reliable credit, and an established retail location that benefits from consistent traffic and strong market fundamentals in a thriving Milwaukee corridor.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
10,770 SF
Building Class
B
Year Built
1974
Price
$1,475,000
Price Per SF
$136.95
Cap Rate
5.71%
NOI
$84,223
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.95 AC
Zoning
LD40 M
Parking
59 Spaces (5.48 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign

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
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100

Nearby Major Retailers

C & R Market
PNC Bank
Starbucks
Pick 'n Save
7 Brew Coffee
Denny's
Buffalo Wild Wings
Huntington National Bank
Planet Fitness
CrossFit

Property Taxes

Property Taxes

Parcel Number
535-0525-112-8
Land Assessment
$186,500
Improvements Assessment
$1,435,100
Total Assessment
$1,621,600
  • Listing ID: 29554745

  • Date on Market: 9/19/2023

  • Last Updated:

  • Address: 3131 S 13th St, Milwaukee, WI 53215

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