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| Price $4,735,000 | Built/Renov 2008 | Tenant Bank of America |
| Cap Rate 5.20% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
3,441
| Lease Start
07-01-2008
| #Units
3,845
|
| Price/SF $1,376.05 | Expiration
06-30-2028
| Tenant Type Bank/Financial |
| NOI $246,235 | R. Term 3.6 | Ownership Fee Simple |
| Rent/SF
$71.56
| Increases 12.5%/4/yrs | Pop 5Mi 256,924 |
| Lot/AC 0.69 | Options 3/5yrs/12.5% | AHHI 5Mi $118,453 |
| | |
Bank of America is strategically located on University Drive, with access to 22,200 vehicles passing by daily. It enjoys an ideal location at the entrance to North County Square, which is the dominant power center in the region. This property is situated right next to Highway 78, where traffic reaches a count of 145,000 VPD. North County Square boasts notable national tenants such as Walmart...
...Dense retail corridor
Near major nationals
WalMart out-parcel
Freeway close
Top 100 MSA
Strong demographics
Favorable NN+ lease
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 : | 12,757 | 92,809 | 261,050 |
| 2023 Total Population : | 12,532 | 92,487 | 260,518 |
| 2023 Employed Civilian Pop : | 6,626 | 47,063 | 130,043 |
| 2023 Total Businesses : | 484 | 5,504 | 12,214 |
| 2023 Average Household Income : | $ 113,236 | $ 123,167 | $ 130,060 |
| 2023 Total Consumer Spending : | $ 432 M | $ 3337 M | $ 9640 M |
| 2023 Median Age : | 35 | 38 | 36 |
| 2023 Total Households : | 4,381 | 31,574 | 86,560 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,000 | 15,650 | 43,567 |
| 2023 Average Home Value : | $ 801,475 | $ 785,079 | $ 848,486 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| University Dr | 2013 | 22,200 | 0.03 mi | |
| University Dr | 2017 | 4,234 | 0.05 mi | |
| Sycamore Ave | Robelini Dr | 2017 | 33,195 | 0.17 mi |
| Hwy 78 | Sycamore Ave | 2014 | 12,000 | 0.19 mi |
| Lobelia Dr | Robelini Dr | 2013 | 7,800 | 0.21 mi |
| Sycamore Ave | Hwy 78 | 2017 | 33,195 | 0.21 mi |
| Hwy 78 | Sycamore Ave | 2011 | 12,100 | 0.25 mi |
| Sycamore Avenue | 2021 | 112,500 | 0.25 mi | |
| Robelini Dr | el Valle Opulento | 2013 | 14,900 | 0.26 mi |
| Dennis Dr | Primrose Ave | 2011 | 14,000 | 0.26 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
