300 S Randall Rd
St Charles, IL 60174

Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire BMO Harris Bank located within the Chicago Metropolitan area of St. Charles, IL. One of the most sought after areas near Chicago, the surrounding 5-mile area boasts a population of 108,013 and an average house hold income of over $165,000. Located across the street from Costco, in a main retail corridor, this location benefits from over 35K vehicles per day passing the signalized corner that provides easy accessibility and strong visibility.
BMO Harris Bank has occupied the building since 2014, and it has proven to be a strong location for the company, as the bank deposits at this branch are the highest within the county, and one of the highest within the state. With 4 drive-thru lanes plus a drive up ATM, the location provides invaluable accessibility options to serve customers in the surrounding area.
With an investment grade corporate guarantee, the property has a total NOI of $130,106, and primary lease term of over 5 years remaining on an original 15-year lease. There are currently 8, 5-year renewal options remaining on the lease. The property operates under an absolute triple net lease, providing a management-free investment opportunity for owners while the lease structure includes 2% annual increases in the rent amount, insulating owners from inflation.