Bank of America
Retail | 9.00% CAP
Marketing description
Surmount is pleased to present the exclusive listing for a Bank of America located at 1611 Western Avenue, Albany, New York 12203. The site consists of roughly 80 rentable square feet of building space on an estimated 0.28-acre parcel of land. This Bank of America is subject to a 5-year Triple Net (NNN) lease, which commenced 10/1/2025. The current annual rent is $25,000 and has scheduled increases of 10.00% In Options.
Investment highlights
Absolute Triple Net Lease with No Landlord Responsibilities | Bank of America is under an absolute triple net lease, which places all expenses on the tenant and eliminates landlord responsibilities—making it highly attractive to investors.
Newly Signed 5-Year Lease | Bank of America has recently signed a new 5-year lease, which includes two additional 5- year renewal options, offering long-term stability and predictable income for years to come.
Corporate Guarantee by Bank of America | The lease for the subject property is backed by a corporate guarantee from Bank of America, a global financial leader with over $100 billion in annual revenue and an investment-grade credit rating (S&P: A-).
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
