Bank of America 1730 University Drive, Vista, CA Cap Rate 4.35% Alta Vista Park (Grass Valley, California, US ) Built

$5,150,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,350 sq. ft.
  • Development Level: Built
  • Lot Size: 0.69 acres
  • Year Built: 2008

Description

Bank of America 1730 University Drive, Vista, CA Cap Rate 4.35%

Cap Rate: 4.35%
NOI: $223,850
Building Size: 3,350 sqft
Lot Area: 0.69 acres
Lease Type: Triple Net
Year Built: 2008
Tenancy: Single

Price: $5,150,000 USD

DESCRIPTION
Single-Tenant Bank of America (NYSE: BAC; S&P: BBB+) Drive-Thru:
-8 years remaining on primary lease term; 10% increases every 5 years; Three 5-year options at 12.5% increases every 5 years
-One of the world’s leading financial institutions with over 4,300 retail centers across all 50 U.S. states and 35 countries
-#1 “Best Bank in the World” - Global Finance (2019)
-#2 “10 Largest Banks in America” - MarketCap (2020)
Established Location with Continued Growth; 20% Increase in Deposits Year-Over-Year (2019-2020)
Irreplaceable Location; Ideally Situated at the Entrance to North County Square, the Dominant
Power Center in the Region: North County Square is a 600,000+ square foot regional shopping destination anchored by Walmart Supercenter and Target, drawing customers from a 15-mile radius
Excellent Accessibility, Identity and Visibility; Immediately Adjacent to Highway 78: 141,000 cars per day
Significant Daytime Demand: The property offers quick access to the daily needs of the local communities and Vista daytime population of 112,000 people within a 5-mile radius
Dense, Affluent Southern California Demographics: Over 257,000 people and average household incomes in excess of $102,000 within a 5-mile radius

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.

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Information is deemed to be correct but not guaranteed.