Gastonia, NC Bank of America 2401 W Franklin Blvd, Gastonia, NC Cap Rate 5% Gastonia ( North Carolina, US ) Built

$975,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,562 sq. ft.
  • Development Level: Built
  • Year Built: 1972

Description

Gastonia, NC Bank of America 2401 W Franklin Blvd, Gastonia, NC Cap Rate 5%

Cap Rate: 5%
NOI: $48,733
Building Size: 2,562 sqft
Occupancy: 100%
Year Built: 1972

DESCRIPTION
• Bank of America corporate guaranteed lease (S&P: A- | NYSE: BAC)
• Approximately 4-years remaining on their first lease with options to extend for the next 30 years
• Scheduled rental increases during the option periods of 5% after the first year initial FMV option
• This Bank of America location has had an incease in desposits of 6% over the previous year

• The subject property is located at the high traffic, signalized, hard corner intersection of Highway 74/W. Franklin Blvd and S. Myrtle School Road with a combined 24,300 vehicles passing by daily
• The store is also just 1.5 miles south from the on/off ramps to Interstate 85
• Bank of America is strategically located in a strong retail corridor across from a Walmart Supercenter and adjacent to Dixie Village Shopping Center with national tenants as anchors
• This high profile location has been a bank branch since the 1972 and Bank of America is open on Saturday to meet the consumer banking demands
• Excellent location with clear visibility and strong upside through future redevelopment

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.