2011 East Highland Avenue

Highlights:

• Exceptional Performance Given Increasing Deposits and Regional Consolidation
• The Branch Contains Over $315,000,000 in Deposits - This represents a strong increase of 66% in overall deposits at this specific location since 2021
• Desirable Demographics - The nearby consumer base consists of 137,943 residents with an average household income of $80,283 within a 3 mile radius
• One-Stop Bank Branch - This Bank of America offers patrons many different banking services further showcasing its strong performance
• Limited Competition - This is the only Bank of America Branch within 3 miles to the west and for the entirety of Highland going east ideal Highland Ave.
• Located at a High Traffic Intersection - The intersection of Highland Avenue and Sterling Avenue sees over±38,000 cars per day of traffic
• Within a Top Performing Shopping Center - Located in a Cardenas anchored shopping center containing a brand new construction Starbucks and Wendy’s

Description:

Top Performing Regional Bank of America Branch

Long Term Tenancy - Bank of America has been at the location for over three decades and recently exercised an option to extend further committing to the location

Corporate Lease with Bank of America - Bank of America (NYSE:BAC) has a Standard and Poor’s credit rating of A-/stable

Replaceable Rent - Bank of America is paying a healthy rent in comparison to other Southern California banking branches

Rare CPI Increases - The existing lease and option period is subject to Annual CPI increases no less than 2%

Excellent Performance According to Placer AI - The Bank of America location is amongst the top 96% of branches nationally and 90% within California: (Source: Placer.ai)

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