Starbucks/Heartland Dental - Lino Lakes, MN
601 Apollo Dr, Lino Lakes, MN, 55014, US
SEK 47,069,000 | 598 m²
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
SEK 31,853,000
Cap rate
6.5%
NOI
SEK 2,071,000
WAULT
4.7 years
Building area net
636 m²
Land area gross
0.27 ha
Media
Investment Highlights
- Operating on an absolute NNN lease with ±4.7 years of primary lease term remaining and 2% annual rent escalations
- Highly trafficked commercial corridor off Grand Avenue with 48K VPD
- BMO Harris Bank is the #8 largest bank in North America
- Investment grade tenancy (S&P: A+) with $1.5 trillion in total assets
- Strong demand characteristics driven by 5-mile population of 478K earning $85K AHHI
- Nearby State Farm Stadium that hosts 1.2 million visitors annually
Contact brokers
BMO Harris Bank - Glendale, AZ (0 Properties)
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Last updated
24 Jul 2025
