Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach
$5,600,000
Bank of America
Details
APN 04024-032-0160
Property Type Retail
Sub Type Bank
Square Footage 17,633
Cap Rate 6.25%
NOI $350,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type NNN
Lease Term 43.5
Lease Expiration 12/30/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $318
Year Built 1980
Acreage 1.000
Zoning OCL
Parking Spaces 70 spaces
Parking Per SqFt 3.97
Tenant Credit Corporate Guarantee
Lease Commencement 07/20/1992
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.25% CAP | 17,633 SqFt
Investment highlights
Recent 10-Year Extension | Investment Grade Tenant | Scheduled Rental Increases | $185M in Bank Deposits
NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Excellent Visibility | State Highway 368 | U.S. Highway 281
Strong Demographics In Trade Area
Listing Contacts
Listed by SRS Real Estate Partners SAN ANTONIO, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$350,000.00
$29,166.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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