For Sale
$1,417,000

2851 Post Rd Plover, WI 54467

Corporate Guaranteed Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple ownership of a single-story, 5,318 square foot BMO Harris Bank branch located at 2851 Post Rd, Plover, WI 54467. The property sits on a 1.37-acre lot and boasts a strong 6.34% cap rate, generating a net operating income (NOI) of $89,860. Built in 1995, this absolute NNN lease features a corporate guarantee from BMO Harris Bank, a nationally recognized financial institution with an investment-grade rating. The lease has approximately two years remaining, expiring November 30, 2026, with eight (8) five-year renewal options at a 1.50% annual rent increase. The property's strategic location between US Route 51 and Highway 54 ensures high visibility and accessibility. The asking price is $1,417,000, translating to $266.45 per square foot. The branch's exceptional performance, with over $78,231,000 in deposits last year and a 7.47% annual deposit growth over the past five years, underscores the investment's stability and potential for long-term growth. The surrounding area demonstrates strong income demographics, with an average income exceeding $84,000 within a three-mile radius. This is a passive investment with zero landlord responsibilities, offering a secure and lucrative return. The property's APN is 173-44-A4103.

Highlights

  • Investment-grade tenant: BMO Harris Bank, with an A+ S&P rating, provides a corporate guarantee.
  • Passive investment: Zero landlord responsibilities due to an absolute NNN lease structure.
  • High-performing location: Over $78 million in deposits last year, with 7.47% annual deposit growth over five years.
  • Inflation-resistant cash flow: 1.5% annual rent increases throughout the lease term and the first two five-year renewal options.
  • Strong income demographics: Average income exceeding $84,000 within a three-mile radius.
  • Strategic location: High visibility and accessibility between US Route 51 and Highway 54.

Property Details for 2851 Post Rd

Property type
Retail properties, Banks
Square Feet
5,318 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
59,677 SF

Location Insight

City
Plover
County
Portage
State
Wisconsin
Latitude
44.454921767374
Longitude
-89.545183279786
2851 Post Rd, Plover, Wisconsin

FAQs

What type of property is this?
Retail property - Corporate Guaranteed Net Lease Investment
Where is the retail property located?
The property is located at 2851 Post Rd Plover, WI.
What is the asking price?
The asking price for this property is $1,417,000.
What are key features of this property?
This property features: Investment-grade tenant: BMO Harris Bank, with an A+ S&P rating, provides a corporate guarantee.; Passive investment: Zero landlord responsibilities due to an absolute NNN lease structure.; High-performing location: Over $78 million in deposits last year, with 7.47% annual deposit growth over five years.
How can I contact the broker?
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2851 Post Rd
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