Bank of America | 525 Bank of America Blvd.
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Bank of America 525 Bank of America Blvd.
1,680 SF Retail Building Grand Prairie, TX 75051 £1,106,014 (£658/SF) 6% Net Initial Yield
Investment Highlights
- This site is a 24-Hour 11 Lane Dive Thru Location
- Recent 5 Year Extension at a 20% Rent Increase Demonstrates Tenants Commitment to the Site
- The Bank of America Office Tower Reported $345M+ in Deposits | 49%+ Market Share for This Zip Code
- Tenant Has 41+ Years of Historical Occupancy
- Site Has Been Functioning as an ATM Branch to the Neighboring Bank of America Office Tower Since the Early 80's
- Grand Prairie is Part of the Dallas-Fort-Worth MSA which is the 4th largest in the Country | 7.75M+ People
Executive Summary
This site is a 24-Hour 11 Lane Dive Thru Location
Tenant Has 41+ Years of Historical Occupancy
Recent 5 Year Extension at a 20% Rent Increase Demonstrates Tenants Commitment to the Site
Site Has Been Functioning as an ATM Branch to the Neighboring Bank of America Office Tower Since the Early 80's
The Bank of America Office Tower Reported $345M+ in Deposits | 49%+ Market Share for This Zip Code
Grand Prairie is Part of the Dallas-Fort-Worth MSA which is the 4th largest in the Country | 7.75M+ People
Investment Grade "A+" Rated; Corporate Backed Lease | Bank of America is the Second Largest Bank in the US With a Net Worth of 2.41+ Trillion
One of the Lowest Priced Bank Properties for Sale in Texas
Tenant Has 41+ Years of Historical Occupancy
Recent 5 Year Extension at a 20% Rent Increase Demonstrates Tenants Commitment to the Site
Site Has Been Functioning as an ATM Branch to the Neighboring Bank of America Office Tower Since the Early 80's
The Bank of America Office Tower Reported $345M+ in Deposits | 49%+ Market Share for This Zip Code
Grand Prairie is Part of the Dallas-Fort-Worth MSA which is the 4th largest in the Country | 7.75M+ People
Investment Grade "A+" Rated; Corporate Backed Lease | Bank of America is the Second Largest Bank in the US With a Net Worth of 2.41+ Trillion
One of the Lowest Priced Bank Properties for Sale in Texas
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
1,680 SF
Building Class
C
Year Built
1981
Price
£1,106,014
Price Per SF
£658
Net Initial Yield
6%
NOI
£66,361
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
1.46 AC
Zoning
N/A - N/A
Parking
14 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 28053660010020000 | Improvements Assessment | £28,796 |
| Land Assessment | £600,842 | Total Assessment | £629,638 |
PROPERTY TAXES
Parcel Number
28053660010020000
Land Assessment
£600,842
Improvements Assessment
£28,796
Total Assessment
£629,638
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Bank of America | 525 Bank of America Blvd.
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