Glen Allen, VA - Bank of America

Description:

• Bank of America, National Association signed lease
• 15 years remaining with 5 (5-year) option periods to extend
• The lease features 12.5% increases every 5 years, steadily growing NOI

• The subject property is located in Stony Run Commons, consisting of 11 outparcels (7-Eleven, Aldi, Panda Express, and others)
• Less than one mile north of the new residential development, Village at Virginia Center Commons & is adjacent to Northcross Center, anchored by Home Depot
• Strong tenant synergy promotes crossover shopping to the subject property
• Bank of America is located less than one mile from a newly announced Kroger anchored center, slated to break ground in 2027

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Listing ID: a28TP000003VeM1YAK