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| Price $5,700,000 | Built/Renov 1982/2018 | Tenant Bank of America (GL) |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
8,589
| Lease Start
12-01-2019
| #Units
3,845
|
| Price/SF $663.64 | Expiration
11-30-2029
| Tenant Type Bank/Financial |
| NOI $313,500 | R. Term 5.2 | Ownership Ground Lease |
| Rent/SF
$33.11
| Increases 10.0%/1/yrs | Pop 5Mi 131,428 |
| Lot/AC 1.45 | Options 2/5yrs/10% | AHHI 5Mi $179,480 |
| | |
Bank of America is strategically located at the intersection of Smith Ranch Road and Redwood Highway, with access to a substantial daily traffic count of 173,700 vehicles. Adjacent to the on/off ramp for Highway 101 at the north end of the North San Rafael business park, the area boasts a diverse array of businesses. Moreover, the immediate trade area is surrounded by well-known national...
...Dense retail corridor
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,449 | 51,860 | 130,962 |
| 2023 Total Population : | 8,483 | 52,030 | 131,428 |
| 2023 Employed Civilian Pop : | 4,479 | 25,953 | 67,133 |
| 2023 Total Businesses : | 969 | 2,324 | 7,800 |
| 2023 Average Household Income : | $ 153,708 | $ 173,189 | $ 179,480 |
| 2023 Total Consumer Spending : | $ 462 M | $ 2977 M | $ 7700 M |
| 2023 Median Age : | 48 | 48 | 45 |
| 2023 Total Households : | 3,579 | 20,521 | 51,154 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,124 | 13,882 | 33,425 |
| 2023 Average Home Value : | $ 931,326 | $ 1,089,652 | $ 1,233,378 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Redwood Hwy | Paul Dr | 2011 | 9,171 | 0.03 mi |
| Smith Ranch Rd | N Redwood Dr | 2006 | 12,199 | 0.08 mi |
| Smith Ranch Rd | Cresta Dr | 2014 | 10,136 | 0.13 mi |
| 2004 | 2,130 | 0.16 mi | ||
| Redwood Hwy | Lucas Valley Rd | 2004 | 10,261 | 0.19 mi |
| N Redwood Dr | Smith Ranch Rd | 2004 | 4,137 | 0.19 mi |
| 101 | 2018 | 173,700 | 0.22 mi | |
| Lucas Valley Road | Redwood Hwy | 2022 | 158,500 | 0.22 mi |
| Redwood Hwy | Lucas Valley Rd | 2004 | 10,618 | 0.23 mi |
| Redwood Hwy | Lucas Valley Rd | 2004 | 6,044 | 0.24 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
