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BMO NNN Corp. Lease - 6% Cap - Phoenix 1 of 2 9050 N 19th Ave 4,392 SF Retail Building Phoenix, AZ 85021 $2,600,000 ($591.99/SF) 6.03% Cap Rate
INVESTMENT HIGHLIGHTS
- 6.03% Cap Triple Net Corporate Building Lease
- 34+ Parking Spaces
- Available is another BMO Bank N.A. Branch seven miles to the south
- 3 Drive-Thru Tellers
- High-traffic street with car counts around 37K vehicles per day in front of the building
EXECUTIVE SUMMARY
On offer is a 6.03% Cap Triple Net Corporate Building Lease for a BMO Bank N.A. branch in Phoenix. BMO Bank N.A. boasts $290 Billion in Assets, a $93 Billion Market Capitalization, with this branch having $50 Million in Deposits.
With a long-term Tenant on their first five-year Lease Extension, the Lease calls for seven additional five-year Options. The property consists of a 4,358 SF building on a 39,640 SF lot and features three drive-thru tellers, and 34+ parking spaces.
Positioned prominently on a high-traffic street with car counts ranging from 35,000 to 40,000 vehicles per day in front of the building (and similar counts at the nearest intersection) the property is located about a mile to Interstate 17.
While Phoenix ranks as the 5th largest U.S. city by population as of 2024, the 2024 Population Estimate for a 5-Mile Radius boasts 443,000 people, with 2029 Population Projections pushing closer to 478,000 people. This growth is driven in large part by the “Silicon Desert” expansion happening in the greater Phoenix area.
Available is another BMO Bank N.A. Branch seven miles to the south.
Building Square Footage is listed as 4,358 SF by the Assessor and 4,392 SF by the Lease.
With a long-term Tenant on their first five-year Lease Extension, the Lease calls for seven additional five-year Options. The property consists of a 4,358 SF building on a 39,640 SF lot and features three drive-thru tellers, and 34+ parking spaces.
Positioned prominently on a high-traffic street with car counts ranging from 35,000 to 40,000 vehicles per day in front of the building (and similar counts at the nearest intersection) the property is located about a mile to Interstate 17.
While Phoenix ranks as the 5th largest U.S. city by population as of 2024, the 2024 Population Estimate for a 5-Mile Radius boasts 443,000 people, with 2029 Population Projections pushing closer to 478,000 people. This growth is driven in large part by the “Silicon Desert” expansion happening in the greater Phoenix area.
Available is another BMO Bank N.A. Branch seven miles to the south.
Building Square Footage is listed as 4,358 SF by the Assessor and 4,392 SF by the Lease.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,392 SF
Building Class
C
Year Built
1971
Price
$2,600,000
Price Per SF
$591.99
Cap Rate
6.03%
NOI
$156,794
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.91 AC
Opportunity Zone
Yes
Zoning
C-T
Frontage
200’ on 19th Ave
AMENITIES
- 24 Hour Access
- Banking
- Drive Thru
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 149-11-012E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $119,574 |
PROPERTY TAXES
Parcel Number
149-11-012E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$119,574
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BMO NNN Corp. Lease - 6% Cap - Phoenix 1 of 2 | 9050 N 19th Ave
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