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Bank of Montreal 11955 Slauson Ave 5,812 SF Retail Building Santa Fe Springs, CA 90670 $6,980,877 CAD ($1,201.11 CAD/SF) 4.10% Cap Rate

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Investment Highlights

  • Long history at this location.
  • Corporate guaranteed extremely rare annual rent increases.
  • Absolute NNN Lease- No landlord responsibilities.
  • Strong traffic counts at signalized hard corner intersection- over 45,000 vehicles per day.

Executive Summary

BMO Harris Bank – Investment Grade Credit Tenant – Rated A+ by S&P (A1 by Moody’s)
Long-Term Lease – 4 of 5 Yr. Option Periods and current option will end on September 30, 2027, there are 2 of 5 years option remain.
2 % Rent Increases Every year and current option INCREASED 10% due to rent still below market.
Zero Landlord Responsibilities – Ideal for Coupon Clippers or 1031 Exchange Asset
Strong Site Fundamentals – 5812 SF Building with Drive-Thru - Large 1.02 Acre Parcel in Los Angeles County.
Average Household Income of over $79,133 within 5 Miles
The Bank of Montreal recently merged with Bank of west.
Contact: Sherman, Shi, Email:shi958@yahoo.com
Please do not disturb tenant! Drive by only.

Attachments

BMO-MEMO

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
5,812 SF
Building Class
B
Year Built
1977
Price
$6,980,877 CAD
Price Per SF
$1,201.11 CAD
Cap Rate
4.10%
NOI
$286,216 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.02 AC
Zoning
SSM2* - Light Industrial
Parking
30 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
180’ on Slauson Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Nearby Major Retailers

Bank of America
Citi
Yoshinoya
IHOP
Cross Fit Turnbull
Planet Fitness
Starbucks
Marie Callender's Restaurant & Bakery
Philz Coffee
Food 4 Less

Property Taxes

Property Taxes

Parcel Number
8169-004-046
Land Assessment
$3,139,007 CAD
Improvements Assessment
$1,243,623 CAD
Total Assessment
$4,382,630 CAD
  • Listing ID: 29330242

  • Date on Market: 2023-08-22

  • Last Updated:

  • Address: 11955 Slauson Ave, Santa Fe Springs, CA 90670

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