Property details

Triple Net (NNN) Bank of America For Sale, Northeast Region

Property Description



Triple Net (NNN) Bank of America For Sale.

Corporate guaranty.

Commercial Condo Unit.

Rare Bite Size Investment-Grade opportunity.

Located in a most difficult retail block to penetrate per zoning regulations.

Situated on the busiest transit stop and signalized intersection.






About the Tenant

Bank of America, NA

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Highlights

Status:
Sold
Price:
$975,000
PSF:
$550
Cap Rate:
4.30%
Annual Rent:
$43,155
Rent Increases:
10% in Year 6 | 15% every 5 years
 

Property Information

Building Size:
1,773 sq.ft.
Property Type:
Net Lease
Industry Type:
Bank / Credit Union
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Bank of America
Lease Type:
NNN
Lease Commencement:
10/26/2015
Lease Expiration:
04/24/2016
Lease Term:
1 year
Lease Remaining:
-2.4 years
Landlord Responsibilities:
none
Options:
3 options of 5 years
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.