About 103 W Bloomingdale Avenue
Barkett Realty is pleased to present an attractive & well-located BMO Harris bank branch found at the lighted 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 the hottest corridors in all of Tampa Bay seeing outstanding growth in recent years and national credit rated tenants such as Target, Starbucks, Walmart, LA Fitness, Wawa, McDonald's, etc. are making their presence felt up and down the corridor. There are plans to expand sections of Bloomindale Avenue to keep up with the corridors growth and demand.
Net, Net Lease with Landlord only responsible for structural integrity of the building
Attractive Cap Rate of 6.5% 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