CAP Rate: 5.44%
Building Size: 7,537 SF
Lot Size: 1.01 AC
Deposits (000's): $66,352
In Cooperation with Dennis Black, Licensed Arizona Real Estate Broker.
This is a BMO Harris Bank fee simple absolute NNN lease in Sun City, Arizona. The site is on a hard corner adjacent to US Route 60 with traffic counts of over 37,000 VPD. This branch has excellent access with three points of entry. The bank has three drive-thrus and parking for 54 cars. The 100% fee simple interest in the underlying land and building is being offered. The lease calls for 2% annual rental increases and zero landlord obligations. The asset is well situated near major retailers, including Shell Gas, Starbucks and Taco Bell.
Sun City is a census-designated place and unincorporated town in Maricopa County, Arizona, United States, that is within the Phoenix metropolitan area. The population was 37,499 according to the 2010 census. Its adjoining sister city is Sun City West. Both cities are retirement communities.