Bank of America - Net Lease Property for Sale
Seneca, SC
Key Investment Metrics
Price
$2,049,000
Cap Rate
6.1%
Net Operating Income
$125,000
Building Size
3271 SF
Lot Size
3,271 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
About This Bank of America Net Lease Property
This Bank of America NNN (triple net lease) property is located in Seneca, SC and represents an excellent investment opportunity for commercial real estate investors. The property features 3271 square feet of building space and was built in 1993.
With a cap rate of 6.1%, this Bank of America net lease property offers stable income potential. The asking price is $2,049,000, 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.
Seneca, SC Market Overview
Located in Seneca, SC, this Bank of America property benefits from strong local demographics and market fundamentals. The Seneca 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.