Listed by JLL - Dallas | Cedar Springs, Texas
Unpriced
Bank of America - Hunt Valley, MD (Baltimore MSA)
Details
Property Type Retail
Sub Type Bank
Square Footage 3,610
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 06/30/2029
Remaining Term 2.9
Rent Bumps Yes
Lease Options 5 x 5-Year Options
Year Built 2015
Tenant Credit Credit Rated
Lease Commencement 06/08/2014
3,610 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Bank of America located
at 11320 York Rd, Cockeysville, MD 21030 (“Property” or “Asset”). Bank of America is operating on 15-year absolute
NNN ground lease with ±3.4 years of primary lease term remaining, 12% rent increase every five years, five, five-year
renewal options and zero landlord responsibilities.
This unique opportunity allows investors the ability to acquire long-term passive income from an investment grade bank tenant with a significant deposit base from its local community.
Listing Contacts
Listed by JLL - Dallas | Cedar Springs, Texas
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$344,960.00
$28,746.67/mo
Valuation Metrics
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Cap Rate
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