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Bank

Bank of America

6570 Harrison Ave, Cincinnati, OH 45247

Listing Price: $2,000,000

Cap Rate
5.25%
Tenant Name
Bank of America
Years Remaining On Lease
10.2
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$666.67
Lease Type
Double Net
Rent Per Square Feet
$35.00

Investment Overview

This new Bank of America location is scheduled to open on or about November 14, 2021. TI's are currently being performed. The site was originally built as a Frist Financial Bank in 2005, and became a new Bank of America in 2021. It will offer a new 10-year NN lease with eight, five-year options thereafter. The lease calls for regular escalations of 10% every five-years including option periods which hedges against inflation.

Investment Highlights

  • Site Offers a New 10-Year Lease with 10% Rent Escalations Every Five Years
  • AA-Rated Tenant (S&P)
  • Country's Largest Consumer and Commercial Bank

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,000,000

Cap Rate
5.25%
Tenant Name
Bank of America
Years Remaining On Lease
10.2
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$666.67
Lease Type
Double Net
Rent Per Square Feet
$35.00

Investment Highlights

  • Site Offers a New 10-Year Lease with 10% Rent Escalations Every Five Years
  • AA-Rated Tenant (S&P)
  • Country's Largest Consumer and Commercial Bank

Investment Overview

This new Bank of America location is scheduled to open on or about November 14, 2021. TI's are currently being performed. The site was originally built as a Frist Financial Bank in 2005, and became a new Bank of America in 2021. It will offer a new 10-year NN lease with eight, five-year options thereafter. The lease calls for regular escalations of 10% every five-years including option periods which hedges against inflation.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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