Bank of America - Net Lease Property for Sale
Chesapeake, VA
Key Investment Metrics
Price
$850,000
Cap Rate
9.2%
Net Operating Income
$78,030
Building Size
5500 SF
Lot Size
5,500 SF
Land Area
0.28 Acres
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1960
Occupancy
100%
Tenancy
Single
About This Bank of America Net Lease Property
This Bank of America NNN (triple net lease) property is located in Chesapeake, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 5500 square feet of building space and was built in 1960.
With a cap rate of 9.2%, this Bank of America net lease property offers stable income potential. The asking price is $850,000, making it an attractive option for 1031 exchange investors seeking quality Bank of America commercial properties.
Why Invest in Bank of America NNN Properties?
- Stable Income: Bank of America net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Bank of America is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Chesapeake, VA Market Overview
Located in Chesapeake, VA, this Bank of America property benefits from strong local demographics and market fundamentals. The Chesapeake area offers excellent visibility and accessibility, making it an ideal location for Bank of America operations and a solid investment for net lease property buyers.