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Bank

Bank of America

6310 N Eldridge Pkwy, Houston, TX 77041

Listing Price: $3,585,000

Cap Rate
6.50%
Tenant Name
Bank of America
Years Remaining On Lease
3.7
Gross SF
4,888
Guarantor
Corporate Guarantee
Rentable SF
4,888
Price/Gross SF
$733.43
Lease Type
Absolute Net
Rent Per Square Feet
$47.67

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Bank of America in Houston, TX. The property consists of a 4,888-square-foot, freestanding building that sits on approximately 0.92 acres of land. There are 3.8 years remaining on the lease with 10% rental increases every 5 years in options.

Investment Highlights

  • Absolute Net Lease with 3.8 Years Remaining
  • Outparcel To Krogers-Anchored Shopping Center
  • Signalized Hard Corner of North Eldridge Parkway and West Little York Road (Combined Traffic Counts Exceed 66,537 VPD)
  • Dense Residential Population – More Than 261,406 Residents Within a 5-Mile Radius
  • Limited Market Saturation – Only Bank of America Branch Within a 5-Mile Radius and only 5 Total branches in the Zip Code
  • 22-Year Operating History

Exclusively Listed By

Listing Price: $3,585,000

Cap Rate
6.50%
Tenant Name
Bank of America
Years Remaining On Lease
3.7
Gross SF
4,888
Guarantor
Corporate Guarantee
Rentable SF
4,888
Price/Gross SF
$733.43
Lease Type
Absolute Net
Rent Per Square Feet
$47.67

Investment Highlights

  • Absolute Net Lease with 3.8 Years Remaining
  • Outparcel To Krogers-Anchored Shopping Center
  • Signalized Hard Corner of North Eldridge Parkway and West Little York Road (Combined Traffic Counts Exceed 66,537 VPD)
  • Dense Residential Population – More Than 261,406 Residents Within a 5-Mile Radius
  • Limited Market Saturation – Only Bank of America Branch Within a 5-Mile Radius and only 5 Total branches in the Zip Code
  • 22-Year Operating History

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Bank of America in Houston, TX. The property consists of a 4,888-square-foot, freestanding building that sits on approximately 0.92 acres of land. There are 3.8 years remaining on the lease with 10% rental increases every 5 years in options.

Exclusively Listed By

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