BMO Harris Bank - Glendale, AZ_Property for Sale
BMO Harris Bank - Glendale, AZ_Property for Sale
5704 West Glenn Drive, Glendale, AZ, 85301, US

BMO Harris Bank - Glendale, AZ

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the BMO Harris Bank located at 5704 W Glenn Drive Glendale, Arizona (“Property” or “Asset”). BMO is operating on an absolute NNN lease with ±4.7 years of primary lease term remaining, 2% annual rent escalations, eight, five-year renewal options and zero landlord responsibilities.


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Attributes

Asking price
₱191,053,000
Cap rate
6.5%
NOI
₱12,421,000
WAULT
4.7 years
Building area net
636 sm
Land area gross
0.27 ha

Media

Investment highlights

  1. Operating on an absolute NNN lease with ±4.7 years of primary lease term remaining and 2% annual rent escalations
  2. Highly trafficked commercial corridor off Grand Avenue with 48K VPD
  3. BMO Harris Bank is the #8 largest bank in North America
  4. Investment grade tenancy (S&P: A+) with $1.5 trillion in total assets
  5. Strong demand characteristics driven by 5-mile population of 478K earning $85K AHHI
  6. Nearby State Farm Stadium that hosts 1.2 million visitors annually


BMO Harris Bank - Glendale, AZ 4_Property for Sale

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BMO Harris Bank - Glendale, AZ (0 Properties)

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Last updated
Jul 24, 2025