BMO Lethbridge
606 4 Ave S, Lethbridge, AB, T1J 0N7, CA
Objectomschrijving
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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Kenmerken
Aantal gebouwen
1
Bruto landoppervlakte
0,4 ha
Parkeerplaatsen
46
Verhuurbare oppervlakte
893 vierkante meter
Bouwjaar
2000
PSF huren
€ 39,83
Media
Investeringskenmerken
- 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
Contact adviseurs
Freestanding BMO Investment Opportunity (0 Eigendommen)
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Laatst bijgewerkt
7 feb 2025
