Bank

Bank of America

810 Main St, New Rochelle, NY 10801

Listing Price: $17,430,588

Cap Rate
4.25%
Tenant Name
Bank of America
Years Remaining On Lease
13.2
Gross SF
9,583
Guarantor
Corporate Guarantee
Rentable SF
9,583
Price/Gross SF
$1,818.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$77.30

Investment Overview

The subject investment is the opportunity to acquire a net-leased Bank of America. The asset is 100% leased to Bank of America with approximately 13.4-years remaining on the initial term of the 15-year double-net (NN) lease. This Bank of America provides an investor with a prime New York City Metro asset located just outside of the Bronx in New Rochelle, the second biggest city in Westchester County. The asset offers the owner an opportunity to purchase a best of class location generational asset with a credit tenant.
The building features 9,583 square feet of interior space on approximately 1.13 acres. The NOI is $740,800 annually ($61,733 monthly) and features annual increases until 2024, transitioning to every five (5) years from there. The asset is conveniently located immediately off Interstate 95 and is located less than one mile from New Rochelle Station.

Investment Highlights

  • Relocation site of former New Rochelle branch that featured $124,000,000 in Deposit
  • Excellent Real Estate Fundamentals Strategically Situated Within Major Residential
  • New Rochelle 21 Miles From New York City

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $17,430,588

Cap Rate
4.25%
Tenant Name
Bank of America
Years Remaining On Lease
13.2
Gross SF
9,583
Guarantor
Corporate Guarantee
Rentable SF
9,583
Price/Gross SF
$1,818.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$77.30

Investment Highlights

  • Relocation site of former New Rochelle branch that featured $124,000,000 in Deposit
  • Excellent Real Estate Fundamentals Strategically Situated Within Major Residential
  • New Rochelle 21 Miles From New York City

Investment Overview

The subject investment is the opportunity to acquire a net-leased Bank of America. The asset is 100% leased to Bank of America with approximately 13.4-years remaining on the initial term of the 15-year double-net (NN) lease. This Bank of America provides an investor with a prime New York City Metro asset located just outside of the Bronx in New Rochelle, the second biggest city in Westchester County. The asset offers the owner an opportunity to purchase a best of class location generational asset with a credit tenant.
The building features 9,583 square feet of interior space on approximately 1.13 acres. The NOI is $740,800 annually ($61,733 monthly) and features annual increases until 2024, transitioning to every five (5) years from there. The asset is conveniently located immediately off Interstate 95 and is located less than one mile from New Rochelle Station.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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