Incredible Opportunity to Own a Bank of America Leased Asset in Florida.?
Vanwald and Associates is pleased to present the incredible opportunity to bid and acquire Unit 100 of the Bank of America Building in Temple Terrace, Florida.?
100% Leased to Bank of America.? The unit is 100% leased to Bank of America and it is guaranteed by Bank of America, National Association.? This is arguably one of the best tenants a landlord can hope for.? Bank of America is the second largest bank and one of the world’s leading financial institutions.? It serves approximately 67 million customers with about 4,200 retail centers, 16,000 ATM and an award winning online banking with 54 million users.? Total reported revenues for fiscal year 2021 were: $89.1 billion in total revenue, $7 billion in net profit, $3.2 trillion in assets, and $270 billion net worth.?
Top Branch.? Impressive Deposits.? This branch ranks number 6 of 34 in deposits in the Tampa Bay Metropolitan Area (population just under 4 million), it’s in the top 21% in Florida and No.1 in Temple Terrace, according to FDIC data.?
Full Service Branch with Drive Through Teller & ATM.? This is a full-service location offering a wide array of financial products, including financial advisory services.? The location is not only used for traditional banking transactions, but for file storage, financial advisory services, loans, commercial deposits and more.? The unit benefits of a 5-lane teller drive through and one ATM drive through lane, along with a walk-up ATM.?
At location since 1988.? Bank of America has been at this location since 1988.? The Bank has shown its commitment to this location by renewing for ten years at a time versus the five-year lease provided options.? It services the entire Temple Terrace and the 33617 zip code and serves as a support center for smaller branches in the area.?
Easy to Manage.? The building association maintains the structure and roof of the building, along with all common area components, parking, and parking lights, landscaping, porter service, janitorial for the common areas, and more.? This, along with the NNN structure of the lease, make managing the Unit very easy and with minimum landlord involvement.?
Special Unit Benefits.? The unit benefits from some special privileges in center, including some capital improvements cost exceptions (call to find out more), 22 assigned parking spots, exclusive use of the five drive through teller lanes, one drive-through ATM lane and the walk-up ATM located at the front.?
Tampa Bay MSA Advantage.? Temple Terrace is part of the Tampa, Florida MSA (POPULATION 3,244,000) which is one of the fastest growing cities in the United States.? Tampa was rated No.? 1 city in Florida and NO.? 22 in the country in 2021 by Resonance Consultancy.? Tampa Metropolitan Area is the 18th largest in the USA.? Spans an area of 2,554 mi2.?