Bank of America - 24 Hour - 11 Lane Drive Thru - $350MM+ Annual Deposits
$1,400,000
525 Bank of America Boulevard, Grand Prairie, TX 75051
For Sale
Retail
Free Standing
Active
Last Updated: 03/17/2025
6
Cap Rate
84,000
NOI
Details:
Cap Rate: 6%
NOI: $84,000
Building Size: 1,680 sqft
Lot Area: 1.46 acres
Occupancy: 100%
Lease Type: Ground
Year Built: 1981
Tenancy: Single
Investment Strategy: Core
Lease Expire Year: 03/31/2028
Highlights:
- This site is a 24-Hour 11 Lane Dive Thru Location
- Tenant Has 41+ Years of Historical Occupancy
- Recent 5 Year Extension at a 20% Rent Increase Demonstrates Tenants Commitment to the Site
- The Bank of America Office Tower Reported $345M+ in Deposits | 49%+ Market Share for This Zip Code
Description:
Encore Real Estate Investment Services is pleased to present for sale a single tenant free standing Bank of America bank site situated on 1.46 acres directly out parcel to the Bank of America office tower. The tenant has occupied this location since 1981 and has served the local community. The lease is corporate backed by Bank of America which holds an investment credit rating S%P "A+".
Documents:
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Bank_of_America_ATM_-_Grand_Prairie__TX._OM.pdf
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Location
Gallery
