CAP Rate: 5.40%
Building Size: 8,278 SF
Lot Size: 1.26 AC
Year Built: 1979
Deposits (000's): $60,984
This is a BMO Harris Bank fee simple absolute NNN lease in Mayville, Wisconsin. The 100% fee simple interest in the underlying land and building is being offered. The building is situated on a hard corner with four points of ingress/egress. The branch also has four drive-thrus and parking for 70 vehicles. The bank is near downtown Mayville with several shops and businesses. The lease calls for 7.5% increases every five years and zero landlord obligations. The asset is well situated near major retailers, including Family Dollar and McDonald’s.
In cooperation with Wisconsin Licensed Real Estate Broker Tim Wimmer
Mayville is a city in Dodge County, Wisconsin, United States, located along the Rock River and the Horicon Marsh. The population was 5,154 at the 2010 census.
Mayville is home to several large manufacturing facilities, including plants operated by TAB Products, Mayvile Die and Tool, Mayville Products Corporation, Metalcraft, Mayville Engineering Company, Affiliated Products, RCI Engineering and Gleason Reel, a subsidiary of Hubbell Corporation. Dairy farming and other agricultural activities also comprise an important part of the local economy.