606 4 Ave S, Lethbridge, AB, T1J 0N7, CA

BMO Lethbridge

Description de l'actif

Jones Lang LaSalle Real Estate Services, Inc. (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 606 4th Ave South, Lethbridge AB (the “Property” or “Offering”).

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’s current market capitalization is C$102 billion and had C$58 billion in revenue during the 2024 calendar year.

Situated in the heart of Downtown Lethbridge, the Offering fronts 4 Avenue S with easy access onto Scenic Drive S and Stafford Drive S. Surrounded by competing banks, the branch is a highly strategic location for BMO where it operates both its personal banking and private wealth management business lines.

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Caractéristiques de l'actif

Nombre d'immeubles

Surface locative

1 657 m²

Taille du terrain Brut

0,35 hectare

Occupation

100 %

Année de construction

1997

Loyer PSF

19,09 €

Places de parking

Média

Points clés d'investissement

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
Drive Thru Lanes - Drive-thru ATM lane with turn access directly onto 4^th Avenue S
Stabilized Property - Long term remaining WALT and additional rental steps
Globally Recognized - Strong covenant leases the Property with over 8 years of tenure
Absolute NNN Lease - Minimal landlord responsibilities