CLOSED ESCROW
NET-LEASED | BOFA
5005 PYRAMID WAY
SPARKS, NV 89436
PRICE:
PRICE/SF:
CAP RATE:
TENANT:
CREDIT RATING:
LEASE TERM REMAINING:
YEAR BUILT:
$3,450,000
$786.
5.15%
Bank of America
A-
9+ Years
2005
DEAL HIGHLIGHTS:
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1031 Exchange Buyer
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NNN (No Landlord Responsibility)
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Great Credit Tenant - Corporate Guarantee
ASSET HIGHLIGHTS
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High Traffic Count Location
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Modern Construction (Built in 2005)
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Superior Demographics and Population Growth
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Prime Retail Corridor Filled with National Retailers
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Pad Site in Front of a Super Walmart and Kohl's
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Located at a Signalized Intersection
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Branch Deposits Exceed $95 Million (June 2015)
THE ASSET
The founding of the Bank of America traces back to 1904 with a new bank called Bank of Italy, based in San Francisco, California. Over three next three decades the Bank grew, acquired and merged with other banks and by 1930, the name was changed to Bank of America. Bank of America was acquired by NationsBank in 1998, but it was determined the Bank of America name was superior for marketing.
Bank of America has a market capitalization of $164.4 Billion (October 2015) with over 5,000 bank branches and over 240,000 full time employees.