Retail
Free Standing

BMO Harris Bank Branch

103 West Bloomingdale Avenue,  Brandon, Florida 33511

For Sale

$3,335,000

About 103 West Bloomingdale Avenue

Barkett Realty is pleased to present an attractive & well-located BMO Harris bank branch situated at the lit intersection of Bloomingdale Avenue & John Morris Road (AADT of over 67,000 vehicles per day) in a booming growth area of the Tampa Bay MSA. The single-story bank branch was constructed in 2006 with 3,304 SF of rentable space. The bank features three (3) drive-thru lanes with pneumatic tube system, an attractive exterior with stone facade and gable/hip roof (covered with corrugated metal). The Bloomingdale Avenue corridor is one of the hottest corridors in all of Tampa Bay seeing outstanding growth in recent years with national credit rated tenants such as Target, Starbucks, Walmart, LA Fitness, Wawa, McDonald's, etc. opening storefronts up and down the corridor to tap into the area's outstanding demographics. There are plans to expand portions of Bloomingdale Avenue to keep up with the corridors explosive growth and demand. The subject bank branch is located at the southwest corner of the lighted intersection at W Bloomingdale Avenue and John Moore Road in Brandon (Tampa MSA), Hillsborough County. FL. The subject parcel contains 47,076 square feet (or 1.08 acres) of upland area and is an out-parcel to a recently renovated 27,000 square foot retail strip center known as Bloomingdale Commons. The subject parcel can be accessed from either major thoroughfare utilizing cross access easements with the strip center. The site has shared offsite retention with the Bloomingdale Commons development. Tenant (BMO Harris) is responsible for paying their pro-rata share of the cost associated with maintaining the retention area.
Investment
NNN Investment
PD
Yes
Single-Tenant
B
Existing
2006
1
7.50%
4,637 SqFt
3,304 SqFt
1.08 Acres
15/1000SqFt
Tampa/St. Petersburg
East Tampa
U-10-30-20-94A-000000-00004.0
2% to Buyer's Broker
Attractive Cap Rate of 7.5% for well located asset
BMO Harris Bank is the 8th largest bank in North America by assets ($688 Billion)
A+ Credit Rated Tenant (graded by S&P)
3+ years remaining on initial lease term with 3 - 5 year options (w/ built in rent increases)
Oustanding Median HH Income of over $75,000 within 1, 3 & 5 mile radius
Extensive & booming growth area of the Tampa Bay MSA
Outparcel to a successful and newly renovated 27,000+ SF retail center featuring the "Mill Restaurant"
Outstanding location at a lit intersection with combined traffic counts in excess of 67,000 AADT (47,500 AADT on Bloomingdale Ave alone)
National credit rated tenants found up and down Bloomingdale Avenue
Strong Deposit Growth of 39% and 24% in Last 2 Years per FDIC
Net, Net Lease with Landlord only responsible for structural integrity of the building
1 Space

FLOOR
1
Attachments & Links
OM_BMO_Harris_Bank_Branch.pdf
Offering Memorandum
Barkett Realty Site
Property Website

John Barkett

Broker, Owner

Barkett Realty

615 9th Street N
St. Petersburg, FL 33701