405 Pennsylvania Ave
Glen Ellyn, IL 60137
Harris Trust & Savings Bank · Retail Property For Sale

BMO Harris Bank - 15 Yr Lease - Upscale Dempgrahic Approx 14 Years Remaining - Absolute NNN Lease. Very Upscale Demographic and High Income trade area - Over $148K AHI in 1-mile radius. Strong Deposits over $73 million. We are pleased to offer to qualified investors an opportunity to invest in single tenant investment that is 100% leased to BMO Harris Bank on a corporate lease. This is a fee simple (ownership of land and building) lease that includes approximately 13 years remaining on an original 15 year lease. There are 8 - 5 year option periods. The lease includes 7.5% rental escalations every 5 years, providing an investor with strong inflation protection and consistent growth in NOI. The subject property has excellent surrounding demographics with over 119,000 residents in a 3 mile radius and over $105,000 in AHHI within that same radius. The property is comprised of 6,575 square feet and is situated on a .83 acre lot. ABSOLUTE NNN LEASE! BMO Harris Bank N.A. is a public banking institution owned by BMO Financial Group (NYSE: BMO) and has grown to become one of the largest banks in the Midwest with over 600 branches serving more than 12 million customers. With over $513 Billion in total assets, and over $19 Billion in revenue, BMO Financial Corp is one of the strongest banks in the North America and has an investment grade credit rating of A+ by Standard and Poors. Now headquartered in Chicago, IL; it has its operational history spanning over 200 years and in 2011 became the 11th largest bank in North America by number of branches. This is a rare opportunity to purchase a high performing bank branch on a large lot with excellent fundamentals backed by one of the largest banks in North America (Rated A+ by S&P), 7.5% rental escalations every 5 years, and zero landlord obligations.