Bank of America - Net Lease Property for Sale
Oak Park Heights, MN
Key Investment Metrics
Price
$3,680,000
Cap Rate
5.3%
Net Operating Income
$195,000
Building Size
4225 SF
Lot Size
4,225 SF
Remaining Term
13.7 years
Lease Expiration
08/31/2039
Lease Term
15 years
Lease Commencement
08/30/2024
Lease Type
Absolute NNN
Year Built
2007
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Bank of America Net Lease Property
This Bank of America NNN (triple net lease) property is located in Oak Park Heights, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 4225 square feet of building space and was built in 2007.
With a cap rate of 5.3%, this Bank of America net lease property offers stable income potential. The asking price is $3,680,000, 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.
Oak Park Heights, MN Market Overview
Located in Oak Park Heights, MN, this Bank of America property benefits from strong local demographics and market fundamentals. The Oak Park Heights 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.