2851 Post Rd Plover, WI 54467-3446

Property Details for 2851 Post Rd

Lot size

1.35 lot acres

Property type

Commercial real estate

APN

173-44-A4103

APU

17344A4103

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-story, 5,318 square foot BMO Harris Bank branch located at 2851 Post Rd, Plover, WI 54467. The property sits on a 1.37-acre lot and boasts a strong 6.34% cap rate, generating a net operating income (NOI) of $89,860. Built in 1995, this absolute NNN lease features a corporate guarantee from BMO Harris Bank, a nationally recognized financial institution with an investment-grade rating. The lease has approximately two years remaining, expiring November 30, 2026, with eight (8) five-year renewal options at a 1.50% annual rent increase. The property's strategic location between US Route 51 and Highway 54 ensures high visibility and accessibility. The asking price is $1,417,000, translating to $266.45 per square foot. The branch's exceptional performance, with over $78,231,000 in deposits last year and a 7.47% annual deposit growth over the past five years, underscores the investment's stability and potential for long-term growth. The surrounding area demonstrates strong income demographics, with an average income exceeding $84,000 within a three-mile radius. This is a passive investment with zero landlord responsibilities, offering a secure and lucrative return. The property's APN is 173-44-A4103.