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321 N Main St
West Bend, WI 53095
BMO Bank · Retail Property For Sale

Investment Highlights

  • Anchored Long-Term by BMO - Triple Net Structure - Annual Rent Increases
  • 2025 Branch Refresh
  • Consistent Annual Deposit Growth
  • Investment Grade Tenancy
  • Significant Annual Deposits & Market Share
  • Multi-Lane Drive Thru & Ample Parking

Executive Summary

The BMO Bank property at 321 North Main Street in West Bend, Wisconsin offers a rare investment opportunity with a secure, long-term lease to one of North America’s largest financial institutions. Anchored by BMO under a triple net lease with 11.8 years remaining, this asset provides investors with stable, predictable income and the benefit of annual rent increases. BMO carries an investment-grade credit rating of A+ (S&P) and Aa2 (Moody’s), further underscoring the strength and security of this tenancy.
The branch manages over $200 million in deposits and continues to demonstrate steady growth, reflecting a strong market presence and loyal customer base. A full branch refresh project, estimated at $2 million, is planned for completion in early 2026, enhancing the property’s long-term appeal and operational efficiency. Tenants include a mix of strong local occupants, and BMO reimburses a significant portion of CAM, real estate taxes, and insurance, further reducing operating costs for ownership.
Located in the heart of downtown West Bend, the property benefits from a highly walkable setting with convenient access to major roadways, including Highways 33 and 45. Ongoing city infrastructure investments, such as the Riverwalk Renovation and Main Street Reconstruction, coupled with a 20-year Master Plan for downtown revitalization, position this property for sustained value and growth. With ample parking, drive-thru capabilities, and enduring credit tenancy, this asset presents a compelling opportunity for investors seeking durable income and long-term stability in a thriving market.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
38,792 SF
Building Class
B
Year Built
1970
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
1.05 AC
Zoning
G2 - Commercial
Parking
78 Spaces (2.01 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage

Property Taxes

Property Taxes

Parcel Number
1119-141-0118
Land Assessment
$337,500
Improvements Assessment
$1,552,900
Total Assessment
$1,890,400
  • Listing ID: 37460596

  • Date on Market: 8/28/2025

  • Last Updated:

  • Address: 321 N Main St, West Bend, WI 53095

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