BMO Harris Bank Branch

Investment Overview

This is the sale of a well located BMO Harris bank branch outparcel to the Bloomingdale Commons shopping center. The tenant recently executed their first 5-year option with three (3) remaining 5-year options. Additionally, the Bank is undergoing a substantial interior renovation demonstrating intent to grow their presence and continue to invest in the location. Deposits are over $61 million for 2024. Bank is attractive with standing seam metal roof, brick exterior walls, excellent signage and 3 covered car lanes with pneumatic tube system. Property boasts 52 parking spaces as well as a cross parking easement with surrounding center. Sit back and clip coupons with this stable and appreciating asset in high growth 301 Corridor section of Southshore (Hillsborough County).

Investment Highlights

• $61.4m in deposits for 2024
• Recent 5-year lease renewal & 3 x 5 year options remaining (executed March 2026)
• Undergoing full interior renovation at tenant expense
• Outparcel in attractive center
• Excellent frontage and parking
• 40K AADT