Bank
Bank of America Ground Lease - Low Rent - $200M+ Deposits
7723 W Thomas Rd, Phoenix, AZ 85033
Listing Price: $2,043,700
Investment Overview
Regarded as one of the world’s leading financial institutions, Bank of America (NYSE: BAC) serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.
Bank of America Ground Lease - Low Rent - $200M+ Deposits
Investment Highlights
- Six Years Remaining on Absolute Triple-Net (NNN) Ground Lease - Over $200 Million in Deposits
- Rent Increases Occurring Every Five Years - Only One Renewal Option Remaining
- Highly-Populated Phoenix Trade Area - 409,907 Residents within a Five-Mile Radius
- Subject Property is Ranked #1 Out of 98 Bank of America Locations in Arizona (Placer.ai)
- Outparcel to Desert Sky Mall, a Regional Shopping Mall with Approximately 130 Stores
Listing Price: $2,043,700
Investment Highlights
- Six Years Remaining on Absolute Triple-Net (NNN) Ground Lease - Over $200 Million in Deposits
- Rent Increases Occurring Every Five Years - Only One Renewal Option Remaining
- Highly-Populated Phoenix Trade Area - 409,907 Residents within a Five-Mile Radius
- Subject Property is Ranked #1 Out of 98 Bank of America Locations in Arizona (Placer.ai)
- Outparcel to Desert Sky Mall, a Regional Shopping Mall with Approximately 130 Stores
Investment Overview
Regarded as one of the world’s leading financial institutions, Bank of America (NYSE: BAC) serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.
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