HIGHLIGHTS
- Investment Grade Credit – As of June 12, 2024, Bank of America’s credit rating from Standard & Poor’s (S&P) is AA-.
- Absolute NNN Ground Lease – No landlord responsibilities.
- Recent Lease Extensions – ±5 years remaining on the initial term with six, 5-year options to renew.
- Excellent Visibility – This bank is situated on ±1.28 AC of land and faces Summerlin Road which sees ±35,500 VPD.
- Strong Demographics – Average household income within a one-mile radius is over $74,000.
- Multiple Drive Thru Lanes – Built in 1995, this location has 5-drive thru lanes, allowing excellent flow of traffic and quick access to services.
FOR SALE DETAILS
PRICE
$1,920,000 USD
PRICE/SF
$297 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BANK OF AMERICA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
57
LAND DETAILS
LAND ACRES
1.28 AC
LAND SF
55,757 SF
ZONING
PO
APN/PARCEL ID
02-45-24-P1-01200.002A
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
332-900-5769
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
332-900-5769
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
