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BMO Harris Bank 2 Carlyle Plaza Dr 9,575 SF Retail Building Belleville, IL 62221 $2,974,633 CAD ($310.67 CAD/SF) 8.01% Cap Rate



Investment Highlights
- NNN lease structure with zero landlord responsibilities
- Anchored by BMO Bank, S&P A+ rated financial institution
- Surrounded by national brands including CVS, Schnucks, and McDonald’s
- Recently extended lease through December 2030 with renewal options
- Positioned in a high-traffic, grocery-driven retail corridor
- Attractive 8.0% cap rate with strong deposit base of $59 million
Executive Summary
Located in the heart of Belleville’s thriving retail corridor, 2 Carlyle Plaza Drive offers investors a rare opportunity to acquire a premier single-tenant asset with exceptional stability and zero management responsibilities. This property is anchored by BMO Bank, a nationally recognized financial institution with an S&P rating of A+, underscoring its credit strength and long-term reliability. The recently extended NNN lease runs through December 31, 2030, providing five years of guaranteed income and seven additional five-year renewal options, ensuring enduring occupancy and cash flow security.
Strategically positioned across from Belleville Township High School and adjacent to major retailers such as CVS Pharmacy, Schnucks Grocery, McDonald’s, and Dollar Tree, the property benefits from strong traffic counts and a robust consumer base. Its location within a grocery-driven corridor enhances daily foot traffic and reinforces tenant performance. With an asking price of $2,150,000 and an attractive 8.0% cap rate, this investment delivers a compelling blend of yield and credit quality. The property’s 9,575 RSF footprint and established presence since 2016 further validate its market appeal.
For investors seeking a passive, income-producing asset backed by a top-tier tenant, this offering represents a secure and strategic addition to any portfolio. The combination of a long-term lease, zero landlord obligations, and prime positioning in a vibrant retail hub makes 2 Carlyle Plaza Drive a standout opportunity in today’s market.
Strategically positioned across from Belleville Township High School and adjacent to major retailers such as CVS Pharmacy, Schnucks Grocery, McDonald’s, and Dollar Tree, the property benefits from strong traffic counts and a robust consumer base. Its location within a grocery-driven corridor enhances daily foot traffic and reinforces tenant performance. With an asking price of $2,150,000 and an attractive 8.0% cap rate, this investment delivers a compelling blend of yield and credit quality. The property’s 9,575 RSF footprint and established presence since 2016 further validate its market appeal.
For investors seeking a passive, income-producing asset backed by a top-tier tenant, this offering represents a secure and strategic addition to any portfolio. The combination of a long-term lease, zero landlord obligations, and prime positioning in a vibrant retail hub makes 2 Carlyle Plaza Drive a standout opportunity in today’s market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
9,575 SF
Building Class
C
Year Built
1998
Price
$2,974,633 CAD
Price Per SF
$310.67 CAD
Cap Rate
8.01%
NOI
$238,190 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
1.38 AC
Zoning
C2 - Commercial
Amenities
- Banking
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-23.0-401-105 | Improvements Assessment | $900,350 CAD |
| Land Assessment | $198,644 CAD | Total Assessment | $1,098,994 CAD |
Property Taxes
Parcel Number
08-23.0-401-105
Land Assessment
$198,644 CAD
Improvements Assessment
$900,350 CAD
Total Assessment
$1,098,994 CAD
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BMO Harris Bank | 2 Carlyle Plaza Dr
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