Bank of America (GL)

13225 West Center Road, Omaha, NE 68144

$2,930,000

Cap Rate 4.51%

Views: 127 DOM: 370 Updated: 07.08.24 Posted: 09.15.23 Status: Active

Summary

Price $2,930,000	Built/Renov 2023	Tenant Bank of America (GL)
Cap Rate 4.51%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,500	Lease Start 10-27-2023	#Units 3,845
Price/SF $837.14	Expiration 10-31-2038	Tenant Type Bank/Financial
NOI $132,000	R. Term 14.1	Ownership Ground Lease
Rent/SF $37.71	Increases 10.0%/5/yrs	Pop 5Mi 252,911
Lot/AC 0.40	Options 6/5yrs/10%	AHHI 5Mi $114,536

Lease Highlights

Brand new 2023 construction
Bank of America recently signed a new 15-year lease with 6 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by The Bank of America Corporation (NYSE: BAC)

Location Description

The subject property is very well positioned as an outparcel to an Aldi, Planet Fitness, and Joann anchored shopping center at the signalized, hard corner intersection of Center Rd and 132nd St. The site benefits from strong traffic counts with over 61,600 VPD in combined intersection traffic counts, as well as great visibility and easy access. Additional nearby retailers include CVS,...

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Key Features

New construction
Hard corner intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Traded and rated company
Investment grade tenant

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Links

Bank of America Wikipedia Bank of America Wikipedia Omaha, Nebraska Zip Code 68144 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 :	11,652	84,528	259,881
2023 Total Population :	11,639	82,593	254,640
2023 Employed Civilian Pop :	6,516	46,390	143,964
2023 Total Businesses :	808	5,384	11,734
2023 Average Household Income :	$ 91,912	$ 120,704	$ 121,299
2023 Total Consumer Spending :	$ 399 M	$ 3501 M	$ 10857 M
2023 Median Age :	40	42	38
2023 Total Households :	4,999	33,862	104,336
2023 Pop Age 25+: Bachelor's Degree :	2,553	17,984	55,706
2023 Average Home Value :	$ 243,933	$ 289,031	$ 301,437

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Center Rd	S 133rd Plz	2015	30,396	0.02 mi
W Center Rd	S 133rd Plz	2013	2,390	0.04 mi
S 133rd Plz	W Center Rd	2013	4,116	0.05 mi
S 132nd St	W Center Rd	2015	25,584	0.08 mi
S 132nd St	W Center Rd	2015	25,734	0.09 mi
W Center Rd	S 132nd St	2015	34,646	0.11 mi
S 132nd St	W Center Rd	2015	25,892	0.13 mi
W Center Rd	S 134th Ave	2013	37,270	0.13 mi
S 132nd St	Kingswood Dr	2015	24,944	0.13 mi
Arbor Plz	Arbor St	2015	5,942	0.13 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

158 Listings
17690 Views
55 Sold

Eric Carlton

Colliers NNN Group

Contact

170 Listings
19021 Views
58 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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