Overview

Description

Equity Retail Brokers is pleased to offer qualified investors the rare opportunity to purchase a premium property with an investment grade tenant in the downtown Borough of Media, PA. Located in the Seat of Delaware County, within the Philadelphia MSA, this Bank of America branch has shown continued success and growth over recent years with almost $155 Million in deposits in 2020 (Source: FDIC). With a 24+ year operating history, Bank of America is in the middle of its 3rd five-year option, leaving three (3) five-year options remaining, and has shown a long-term commitment to the site by submitting plans for an interior renovation of the building! This offering features an absolute NNN lease, $5,000 rental increases, and is corporately guaranteed by Bank of America Corporation, a publicly traded company headquartered in Charlotte, NC (NYSE: BAC).
The offering features a free-standing, two-story building totaling +/- 6,000 SF with off-street parking and 1 drive-thru lane. The immediate surrounding retail includes Media Shopping Center, an ACME-anchored property along with a mix of local and national tenants. Included in this mix are Wells Fargo, Starbucks, Dunkin’ Donuts, Wawa, Republic Bank, Wendy’s, McDonald’s, CVS, PNC Bank, and Nemours Children’s Health System.

Highlights

• Located in the heart of the County Seat of Delaware County
• Proven Success – 24+ year Operating History
• 6th Largest American Publicly Traded Corporation (NYSE: BAC)
• 9th highest deposit count of all banks within a 5-mile radius (42 total branches)

Documents

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