Bank
New Bank of America Net Lease | Louisville MSA
2137 State St, New Albany, IN 47150
Listing Price: $4,612,533
Investment Overview
Subject is 4,942 Square-Feet of a Newly Constructed Prime
2-Tenant Retail Building | Build-to-Suit for Bank of America on
a .73-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/
Egress, and Strategically Located at a Signalized Intersection.
Bank of America has a NN Lease with Minimal Landlord
Responsibility, a 15-Year Base Term, Over 14 Years Remaining,
and 10% Rental Increases Every 5 Years with 4 x 5-Year Options.
New Bank of America Net Lease | Louisville MSA
Investment Highlights
- Tenant Bank of America (NYSE: BAC) Currently Features an Investment Grade Credit Rating of A- from S&P.
- Robust Traffic Counts on State Street (30k VPD) and Less than One-Half Mile from US-265 (70k VPD) and One Mile from US64 (61k VPD) (Source: CoStar, 2022).
- Well Established State Street Retail Corridor | Nearby National Retailers Include: Target, Kroger, Home Depot, KFC, Arby's, Five Guys, Chick-fil-A, Starbucks, Walgreens, CVS, Fairfield Inn, and Oth
- Thriving Community with an Average Household Income of Over $65K within Five Miles of the Subject Asset, as of 2023.
- Parks and Outdoor Recreational Facilities Nearby Include: Churchill Downs, Louisville Zoo, Long Run Park, Valhalla Golf Club, Tom Sawyer State Park, Iceland Sports Complex, and More.
- Subject is 6 Miles from Downtown Louisville Kentucky with a Population of 1,365,557.
Exclusively Listed By
Broker of Record
Listing Price: $4,612,533
Investment Highlights
- Tenant Bank of America (NYSE: BAC) Currently Features an Investment Grade Credit Rating of A- from S&P.
- Robust Traffic Counts on State Street (30k VPD) and Less than One-Half Mile from US-265 (70k VPD) and One Mile from US64 (61k VPD) (Source: CoStar, 2022).
- Well Established State Street Retail Corridor | Nearby National Retailers Include: Target, Kroger, Home Depot, KFC, Arby's, Five Guys, Chick-fil-A, Starbucks, Walgreens, CVS, Fairfield Inn, and Oth
- Thriving Community with an Average Household Income of Over $65K within Five Miles of the Subject Asset, as of 2023.
- Parks and Outdoor Recreational Facilities Nearby Include: Churchill Downs, Louisville Zoo, Long Run Park, Valhalla Golf Club, Tom Sawyer State Park, Iceland Sports Complex, and More.
- Subject is 6 Miles from Downtown Louisville Kentucky with a Population of 1,365,557.
Investment Overview
Subject is 4,942 Square-Feet of a Newly Constructed Prime 2-Tenant Retail Building | Build-to-Suit for Bank of America on a .73-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/ Egress, and Strategically Located at a Signalized Intersection. Bank of America has a NN Lease with Minimal Landlord Responsibility, a 15-Year Base Term, Over 14 Years Remaining, and 10% Rental Increases Every 5 Years with 4 x 5-Year Options.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
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