Bank of America for Sale in Seneca, SC
Seneca, SC
Key Investment Metrics
Price
$2,049,000
Cap Rate
6.1%
Net Operating Income
$125,000
Building Size
3271 SF
Land Area
0.67 Acres
Remaining Term
3.9 years
Lease Expiration
05/31/2030
Lease Term
10 years
Lease Commencement
06/01/2020
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
1993
Occupancy
100%
Tenancy
Single
Rent Increases
4% in seventh option & 7.7% in eighth option
Property overview
Bank of America in Seneca
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,271 SF
- Land area
- 0.67 acres
- Year built
- 1993
- Lease type
- NNN
- Lease expiration
- 05/31/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.