Absolute NNN Bank of America w/ No Landlord Management: Absolute NNN Bank of America with No Landlord Management Located on a Heavily Trafficked Section of Benson Road (10,000 Vehicles Per Day (VPD)) Just Off US Route 70 (30,000 VPD) in Garner, NC
Over Four Years Remaining on Lease Base Term: Bank of America Has Occupied This Site for 20+ Years with Over 4 Lease Years Remaining and Rent Increases in Each Option Providing a Hedge Against Future Inflation and an Ideal Passive Investment
Dramatic Increase in Deposits Over Past 10-Years: Lease Corporately Guaranteed by Bank of America, an American Multinational Investment Bank and Financial Services Company with Over 3,800 Retail Financial Centers Nationwide
Rapid Population Growth Area 10 Minutes from Downtown Raleigh: Subject Property Has Experienced an 86 Percent Increase in Deposits Since 2016 with Deposits Rising Over 17 Percent Alone Since 2020 According to the Federal Deposit Insurance Corporation
Priced Under Replacement Cost w/ Below Market Rent: Rapid Growth Area with the Population Projected to Increase by Over 10 Percent within a One-Mile Radius of the Subject Property between 2023 and 2028 Which Will Lead to Real Estate Appreciation
Lease Corporately Guaranteed by Bank of America: Additional Security Provided by this Asset with Rent at the Subject Property Currently Under $12 Per Square Foot and Asset Price Under Replacement Cost
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