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BMO Harris Bank - Hammond, Indiana 7227 Calumet Ave 3,901 SF Retail Building Hammond, IN 46324 $1,896,041 CAD ($486.04 CAD/SF) 7% Cap Rate
Investment Highlights
- Absolute Triple Net (NNN) Lease with a Corporate Guarantee
- Third Most Visited BMO Location in Indiana | Ranks in the Top 17 Percent Nationally (Placer.ai)
- Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility
- Annual Rent Increases of One Percent plus CPI Inflation Adjustment
- Six Years Remaining on the Original 12-Year Lease
- Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day
Executive Summary
This BMO Harris Bank is offered as an absolute NNN lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of 1% plus a CPI adjustment and has 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #3 in Indiana and in the top 17% nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 109,000 residents and 105,000 employees within a 3-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,901 SF
Building Class
C
Year Built
1988
Price
$1,896,041 CAD
Price Per SF
$486.04 CAD
Cap Rate
7%
NOI
$132,723 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.72 AC
Zoning
444
Parking
38 Spaces (9.74 Spaces per 1,000 SF Leased)
Frontage
202’ on U.S. 41
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-07-07-351-015.000-023 | Improvements Assessment | $1,424,270 CAD |
| Land Assessment | $262,366 CAD | Total Assessment | $1,686,636 CAD |
Property Taxes
Parcel Number
45-07-07-351-015.000-023
Land Assessment
$262,366 CAD
Improvements Assessment
$1,424,270 CAD
Total Assessment
$1,686,636 CAD
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Benjamin Shapiro -
Sharko | Weisenbeck | Mendoza Group
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BMO Harris Bank - Hammond, Indiana | 7227 Calumet Ave
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