BMO Harris Bank

Tenant

BMO Harris Bank

Location

Crystal Lake, IL

Price

$2,744,761

CAP Rate

5.25%

NOI

$144,100

Lease Term

30 Years

Occupancy

100%

Building Size

4,356 SF

Property Type

Single Tenant

Year Built

1991

Lot Size

1.84 Acres

Status

Available

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

JC Corr

Associate

201-742-6181 | Email

▪ NNN Ground Lease (No Landlord Responsibility)
▪ Excellent Demographics: Over 133k People Within 5 Miles
▪ Strong Traffic Counts – 30,000 VPD
▪ Branch Deposits Exceed $134 Million
▪ Corporate Guarantee from Investment Grade Tenant
▪ Attractive Rent Increases
▪ Six Lane Drive-thru

Marcus & Millichap is pleased to present a NNN Ground Leased BMO Harris Bank in Crystal Lake, IL. The tenant has been operating at the site since 1991,
and has already exercised one option, demonstrating their commitment to the location The subject property has 3.2 years remaining on the base term
with 4 5-Year options. There are attractive rent increases of 12% increases every 5 years throughout option 1 and 2 and 15% increases within option 3
and 4. BMO Harris has an investment grade credit rating of A- (S&P Rated) and has 600 branches throughout the Midwest.

The subject property is situated as an outparcel to Crystal Court Shopping Center and boasts a six lane drive-thru. Ideally located on a heavily trafficked
corridor with over 30,000 VPD, the bank has great visibility. The subject property is surrounded by many national tenants such as Buffalo Wild Wings,
Nissan, PNC Bank, Sam’s Club, Comfort Inn, Five Below and many more