Bank of America Kennesaw, GA

Highlights:

• Bank of America (NYSE: bac): investment-grade global financial institution with $3.4+ trillion in total assets
• Corporate Guaranty, Absolute NNN lease: ultimate ease of management for investor
• Long-term, 15-year Ground Lease with 10% rental increases
• Whole Foods Anchored Trade Area: Embedded between Kennesaw marketplace (3.2m visits / ranked #2 in GA) and Barrett Crossing Shopping Centers (1.8m annual visitors)
• Hard corner parcel with frontage at 4-way intersection / Cobb parkway (39,800 VPD)
• Large Daytime Population with brand new residential developments: 178,200+ residents + 102,000 employees within 5-miles ($137,023 Average household income)

Description:

Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, freestanding Bank of America property in the affluent Atlanta suburb of Kennesaw, Georgia. The offering is secured by a 15-year Corporate Absolute NNN lease featuring 10% rental increases every five years, providing investors with a passive, inflation-hedged income stream, zero landlord responsibilities, and increasing cash flow throughout the lease term. Built to Bank of America’s latest corporate prototype, the 3,435-square-foot, drive-thru financial center is situated on a premier hard-corner parcel along Cobb Parkway (39,800+ VPD), offering significant intrinsic real estate value. Strategically positioned within one of Metro Atlanta’s premier retail corridors, the property is surrounded by more than 7 million square feet of retail and located between Kennesaw Marketplace (3.2M visits per Placer.ai) and Barrett Crossing, two of the region’s highest-performing shopping destinations. The site also benefits from exceptional regional accessibility, less than 1.5 miles from Interstate 75 (233,900+ VPD), proximity to Kennesaw State University (51,000+ students), and will service more than 352,000 residents within a seven-mile radius. Backed by Bank of America, one of the world’s largest investment-grade financial institutions with over $3.4 trillion in assets, this offering represents an exceptional opportunity for passive or 1031 exchange investors seeking long-term, corporate-guaranteed income in one of the Southeast’s strongest investment markets

Hard-corner parcel along Cobb Parkway at the intersection of Vaughn Road and Barrett Corner Drive, adjacent to Kennesaw Marketplace and Barrett Crossing retail destinations in northwest Cobb County.

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