Bank of America (GL)

11658 Bandera Road, San Antonio, TX 78250

$5,263,157

Cap Rate 4.75%

Views: 134 DOM: 167 Updated: 05.20.24 Posted: 03.25.24 Status: Active

Summary

Price $5,263,157	Built/Renov 2002	Tenant Bank of America (GL)
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,240	Lease Start 07-01-2024	#Units 3,845
Price/SF $1,004.42	Expiration 07-01-2037	Tenant Type Bank/Financial
NOI $250,000	R. Term 12.10	Ownership Ground Lease
Rent/SF $47.71	Increases 10.0%/2/yrs	Pop 5Mi 108,489
Lot/AC 0.91	Options 0/0yrs	AHHI 5Mi $124,488

Lease Highlights

Bank of America has 13+ years remaining on the current ground lease term
The lease features 10% rental escalations every 5 year throughout the initial term | No options to renew
Strong deposits at this location $206M
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Bank of America strategically located on Bandera Road and W Loop 1604 W, with access to 40,800 vehicles passing by daily. The property enjoys direct frontage to Highway 1604, boasting a substantial traffic count of 103,400 VPD. Additionally, it is conveniently situated adjacent to the second busiest H-E-B Fuel station within a 50-mile radius. The surrounding area is further enhanced by...

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Key Features

Build to suit
In location for years
Shopping Ctr out-parcel
Freeway visibility
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Bank of America Wikipedia Bank of America Wikipedia San Antonio, Texas Zip Code 78250 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Bank of America
Guarantor:Corp T and Rated
Company:The Bank of America Corporation
# Units:3,845
Tenant S&P: A-
Moody’s: A1
Stock: NYSE: BAC

About Tenant

The Bank of America Corporation (commonly referred to as Bank of America; often abbreviated as BofA or BoA) is an American multinational investment bank and financial services holding company...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	12,476	99,389	249,834
2023 Total Population :	12,857	99,565	243,534
2023 Employed Civilian Pop :	6,690	53,332	131,088
2023 Total Businesses :	585	1,724	5,304
2023 Average Household Income :	$ 113,565	$ 113,739	$ 105,801
2023 Total Consumer Spending :	$ 471 M	$ 3452 M	$ 8196 M
2023 Median Age :	35	35	34
2023 Total Households :	4,890	35,433	89,928
2023 Pop Age 25+: Bachelor's Degree :	2,387	18,909	45,285
2023 Average Home Value :	$ 288,282	$ 283,780	$ 280,222

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Bandera Rd	Hwy 1604 W Access Rd	2013	37,536	0.11 mi
Bandera Road	Stonecroft	2022	42,382	0.22 mi
Quincy Lee Dr		2006	8,528	0.23 mi
Bandera Rd	Hwy 1604 Access Rd	2013	36,758	0.26 mi
State Hwy 1604 W Access Rd	N Loop 1604 W Access Rd	2005	4,118	0.29 mi
Bandera Road	Flaming Run	2022	40,970	0.33 mi
C W Anderson Loop	N Loop 1604 W Access Rd	2013	102,158	0.42 mi
Stonecroft	Bandera Rd	2008	7,027	0.47 mi
S Hausman Rd	Lake Run	2011	4,306	0.60 mi
	Western Vw	2022	10,374	0.65 mi

Listing Broker

Connor Shell

STREAM Capital Partners

Contact

55 Listings
5760 Views
11 Sold

Jordan Shtulman

STREAM Capital Partners

Contact

83 Listings
7599 Views
33 Sold

Connor Shell

Connor Shell joined STREAM Capital Partners in 2017 as Managing Director expanding our footprint further into Southern California and bringing 8 years of expertise to this area with a long-standing development and investment history. While at STREAM Capital Partners, Connor has grown his transaction footprint, closing deals with major retail developers and private owners throughout the United States. He has developed and strengthened his relationships with private owners, family offices, inst

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Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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