112 Capitol Dr Hartland, WI 53029-2133

This exceptional investment opportunity presents a stabilized, multi-tenant office and retail property in Hartland, Wisconsin. The property, totaling 16,994 square feet, is situated on a 1.43-acre lot and features a prominent BMO Harris Bank branch as the anchor tenant. The BMO Harris Bank lease, an absolute NNN structure, boasts a remaining term of 9.9 years with three, five-year renewal options, ensuring long-term stability. The lease includes annual rent increases, varying per tenant, with a recent increase of 4.67% on October 1, 2023. BMO is responsible for 100% of real estate taxes and operating expenses. The property also houses four additional tenants: Ethos Analytics, Ravenrock Reiki + Pilates, Mei & Associates, and Hermes & Associates, contributing to a 100% occupancy rate and a strong net operating income (NOI) of $160,709, resulting in a 6.43% cap rate. Built in 1930, the two-story building underwent renovations in 2022, 2023, and 2024. The property includes 24 parking spaces and a three-lane drive-thru. Located at 112 E Capitol Dr, Hartland, WI 53029, the property benefits from a B-3 (Central Business/Mixed Use) zoning designation and is situated in a high-income demographic area, with average household incomes exceeding $118,672 within a one-mile radius and $178,448 within three miles. The BMO Harris Bank branch recently underwent a significant refresh, representing a $750,000 investment. The property's strong tenant mix, long-term leases, and favorable location make it an attractive investment opportunity. The asking price is $2,450,000.