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Bank

Bank of America

4630 West 167th Street, Country Club Hills, IL 60478

Listing Price: $3,550,000

Cap Rate
7.52%
Tenant Name
Bank of America
Years Remaining On Lease
3.8
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$710.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.39

Investment Overview

Marcus & Millichap is pleased to offer for sale the Bank of America NNN Ground Lease located at the entrance to the Country Club Plaza anchored by a Super Walmart. The property has a single story bank branch with 3 drive thru lanes situated on a 40,624 square parcel. The property was constructed in 2007 and the tenant is operating under a 20 year NNN Ground Lease with 4.5 years remaining and 4 five year options to extend.

Bank of America is publicly traded on the NYSE under the ticker symbol BAC and is an American multi-national financial services company headquartered in Charlotte NC . Bank of America was ranked #25 on the 2020 Forbes rankings of the largest of the largest US corporations by total revenue.

Investment Highlights

  • Outparcel to Super Walmart
  • Corporate Guarantee
  • Signalized Corner Location

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Listing Price: $3,550,000

Cap Rate
7.52%
Tenant Name
Bank of America
Years Remaining On Lease
3.8
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$710.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.39

Investment Highlights

  • Outparcel to Super Walmart
  • Corporate Guarantee
  • Signalized Corner Location

Investment Overview

Marcus & Millichap is pleased to offer for sale the Bank of America NNN Ground Lease located at the entrance to the Country Club Plaza anchored by a Super Walmart. The property has a single story bank branch with 3 drive thru lanes situated on a 40,624 square parcel. The property was constructed in 2007 and the tenant is operating under a 20 year NNN Ground Lease with 4.5 years remaining and 4 five year options to extend. Bank of America is publicly traded on the NYSE under the ticker symbol BAC and is an American multi-national financial services company headquartered in Charlotte NC . Bank of America was ranked #25 on the 2020 Forbes rankings of the largest of the largest US corporations by total revenue.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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