Retail•Free Standing•For Sale

BMO Harris Bank with Excellent Assumable Debt

945 Cardinal Lane, Green Bay, Wisconsin 54313

Sale Price $2,131,000 ($444.05 /SqFt)
Sale Type Investment
Bldg Type Single-Tenant
Class B
Status Existing
Year Built 1993
Stories 1
Cap Rate 6.30%
RBA 4,799 SqFt
Land Area 43,996 SqFt
Market Green Bay
The property is located at the corner of Cardinal Lane and Tulip Lane amid a residential neighborhood. The property consists of a 4,799 square foot bank branch, six drive-thrus, and has 37 parking spaces. In addition to the local traffic generated on U.S. Highway 41, Cardinal Lane is one of the community’s major roadways. The surrounding community is comprised primarily of residential neighborhoods, but also supports a collection of restaurants, shopping establishments, and numerous schools, including Bay View Middle School and St. John the Baptist School. Adjacent to the property, the new Prevea Health Wellness Way Clinic supports the desirability of this location. The community that surrounds the bank is home to approximately 30,000 residents within a 3-mile radius. Within that same parameter, average household incomes are nearly $63,000. The local area boasts a high quality of life and a low cost of living.
  • NOI $134,202
  • Lease Type Absolute NNN
  • Lease Term 10 Years
  • Lease Start September 2014
  • Lease Expiration September 2024

1 Spaces

1
9/18/2018 12:00:00 AM 10/11/2018 5:37:33 PM

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