BMO Lethbridge
606 4 Ave S, Lethbridge, AB, T1J 0N7, CA
Objektbeschreibung
Jones Lang LaSalle Real Estate Services, Inc. ("JLL" and/or the "Advisor") has been exclusively retained by Otis Properties (the “Vendor”) to present an opportunity to acquire a single-tenanted, freestanding building, featuring a drive-thru, located in 101 Crowfoot Way NW, Calgary AB (the “Property” or “Offering”).
Situated in the Crowfoot Crossing Power Centre, Calgary’s busiest northwest shopping destination, the Offering presents a rare opportunity to invest in a high-traffic retail hub historically tightly held by institutional owners.
The Property is 100% occupied by BMO Financial Group (Ticker: BMO; exchanges: TSX, NYSE), one of Canada's "Big Five" banks. BMO Offers financial services, including personal and commercial banking, wealth management, and investment banking. BMO currently has a market capitalization of C$102 billion and 2024 revenue of C$58 billion. BMO operates its BMO Bank and BMO Nesbitt Burns subsidiaries out of the Property servicing Calgary’s Northwest communities for over 20 years.
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Eigenschaften
Anzahl der Gebäude
1
Grundstücksfläche brutto
0,4 Hektar
Parkplätze
46
Mietfläche
893 m²
Baujahr
2000
Miete PSF
39,67 €
Medien
Investment-Highlights
- Investment Grade Credit Tenant - BMO’s credit rating from Standard & Poor’s (S&P) is A+
- Attractive Assumable Debt - Co-terminus debt facility with a fixed interest rate of 2.50% per annum
- Absolute NNN Lease - Minimal landlord responsibilities
- Excellent Visibility - Situated on 0.9 acres with prominent exposure to Crowfoot Way NW
- Secure Tenancy - Purpose built for BMO. BMP paid 2024 capital improvements of ~$1.5M
- Strong Demographics - Over 276,853 residents live within an 8 km radius. Average household income for this trade area is $146,609
- Drive Thru Lanes - Two drive-thru ATM lanes with all-turn access off Crowfoot Way NW
- Dominant Retail Node - Located in one of the strongest retail nodes in the city of Calgary. Retail sales and rental rates in this area are among the highest in the City
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Freestanding BMO Investment Opportunity (0 Objekte)
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Zuletzt aktualisiert
7. Feb. 2025
