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| Price $5,180,000 | Built/Renov 1999 | Tenant Bank of America |
| Cap Rate 5.27% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
10,984
| Lease Start
11-16-2024
| #Units
3,845
|
| Price/SF $471.60 | Expiration
11-15-2039
| Tenant Type Bank/Financial |
| NOI $272,872 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$24.84
| Increases 2.5%/1/yrs | Pop 5Mi 154,881 |
| Lot/AC 3.22 | Options 4/5yrs/2.5% | AHHI 5Mi $75,987 |
| | |
Bank of America is strategically located on Wolcott Street, with access to 25,600 vehicles passing by daily. The property features two points of ingress and egress and is surrounded by well-known national tenants such as Burger King, KFC, McDonald's, Panera Bread, Walmart, Wendy's, and more. The 5-mile trade area boasts a population of 154,881 residents with an average household income of...
...Build to suit
Dense retail corridor
Near major nationals
Strong demographics
Brand new lease
Long 15+ yr lease
Annual rent increases
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 | |
| 2029 Total Population : | 11,380 | 96,978 | 155,271 |
| 2024 Total Population : | 11,532 | 97,399 | 155,644 |
| 2024 Employed Civilian Pop : | 4,983 | 43,337 | 74,665 |
| 2024 Total Businesses : | 517 | 3,908 | 5,907 |
| 2024 Average Household Income : | $ 70,832 | $ 81,191 | $ 95,330 |
| 2024 Total Consumer Spending : | $ 303 M | $ 2749 M | $ 5134 M |
| 2024 Median Age : | 38 | 37 | 39 |
| 2024 Total Households : | 4,758 | 38,116 | 61,053 |
| 2024 Pop Age 25+: Bachelor's Degree : | 738 | 7,123 | 14,403 |
| 2024 Average Home Value : | $ 278,954 | $ 298,431 | $ 317,451 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wolcott Street | Lakewood Rd | 2022 | 446 | 0.08 mi |
| Wolcott Street | Lakewood Rd | 2022 | 446 | 0.11 mi |
| Sharon Road | Woodtick Rd | 2020 | 8,600 | 0.23 mi |
| Lakewood Rd | Industry Ln | 2011 | 19,100 | 0.24 mi |
| Wolcott St | Stillson Rd | 2011 | 24,200 | 0.26 mi |
| Stillson Road | Richard Ter | 2022 | 658 | 0.30 mi |
| Wolcott Street | Sharon Rd | 2022 | 595 | 0.31 mi |
| Wolcott St | Long Hill Rd | 2011 | 21,500 | 0.35 mi |
| Stillson Road | Stillson Rd | 2022 | 658 | 0.38 mi |
| Wolcott St | Town Line Rd | 2011 | 13,900 | 0.40 mi |
Summerville, SC
Cap Rate 4.75%
Lease Abs NNN
R. Term 19.90 yrs
Size/SF 2,400
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
