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Bank of America

Overview

Bank of America is an international banking and financial services chain, with over 4,300 branches and a net income of over $7.00 Billion. Investors have continuously sought Bank of America properties as investments, even though the Great Recession, while avoiding many other banking institutions. The continued demand is due to the highly passive structure of Bank of America’s ground leases, the long-term commitments to the locations and increases in rental amounts throughout both the initial term and option periods.
Lowest Cap Rate

3.80%

Average Cap Rate

5.04%

Property & Lease

Average Sale Price

$3,000,000 – $5,000,000

Average NOI

$150,000 – $225,000

Building SF

4,000

Lease Term

15 Years

Escalations

10% Every 5 Years

Stock Symbol

NYSE:BAC
Credit Rating

S&P

A-

Moody’s

A2

Tenants

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