BMO Bank (2nd Busiest AZ Branch)

BMO Bank (2nd Busiest AZ Branch)

Glendale, AZ

Glendale, AZ

BMO Bank (2nd Busiest AZ Branch)

Offered for sale is an Absolute Net leased BMO Bank in Glendale, Arizona, situated on a 1.22-acre signalized hard corner along heavily trafficked Bell Road (47,619 VPD). The tenant recently exercised a lease option, leaving 3.7 years remaining with two percent annual rent increases. The property's below-market rent is complemented by a well-above-average deposit base that has grown 51 percent since 2023. Per Placer.ai, the branch ranks as the second-busiest BMO location in Arizona, placing it in the 98th percentile statewide and 93rd percentile nationwide for visits.

Building Size 4,591 sqft
Lot Size 1.22 acres
Year Built 2004
Offering Memorandum

Jonathan Neve

Associate
(972) 755-5296
Jonathan.Neve@marcusmillichap.com
License: TX 9002994

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Second Busiest BMO Branch in Arizona | 98th Percentile Statewide & 93rd Percentile Nationwide for Visits
  • Recently Exercised Option | Absolute Net Lease With 3.7 Years Remaining and Two Percent Annual Rent Increases
  • Below-Market Rent | Well-Above-Average Deposit Base With 51 Percent Growth Since 2023
  • Signalized 1.22-Acre Hard Corner Site on Bell Road (47,619 VPD) | Four-Lane ATM Drive-Thru
  • Dense 5-Mile Trade Area | 350,702 Residents and $104,245 Average Household Income
  • Outparcel to LA Fitness | Regional Retail Corridor Anchored by Walmart, WinCo Foods and Kohl’s
  • 1.5 Miles from the 1.2 Million-SF Arrowhead Towne Center
  • Arizona Represents BMO’s 4th Largest U.S. Market

Jonathan Neve

Associate
(972) 755-5296
Jonathan.Neve@marcusmillichap.com
License: TX 9002994

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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