Bank of America - Net Lease Property for Sale
Grand Rapids, MI
Key Investment Metrics
Price
$4,000,000
Cap Rate
5.0%
Net Operating Income
$200,000
Building Size
4320 SF
Lot Size
4,320 SF
Land Area
1.53 Acres
Remaining Term
14.7 years
Lease Expiration
07/30/2040
Lease Type
Absolute NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
About This Bank of America Net Lease Property
This Bank of America NNN (triple net lease) property is located in Grand Rapids, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 4320 square feet of building space.
With a cap rate of 5.0%, this Bank of America net lease property offers stable income potential. The asking price is $4,000,000, 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.
Grand Rapids, MI Market Overview
Located in Grand Rapids, MI, this Bank of America property benefits from strong local demographics and market fundamentals. The Grand Rapids 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.