Bank of America Net Lease Absolute NNN Property Florida

Investment Offering

Tenant: Bank of America | Tamarac, FL
Premises: 4,500 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 4/24/2023
Lease Type: Absolute NNN
Rental Increases: 6% Every 5 Years

Sands Investment Group is Pleased to Present Exclusively For Sale the Bank of America Net Lease Investment Opportunity Located at 8200 N University Drive in Tamarac, Florida.

Absolute Triple Net (NNN) Lease With No Landlord Responsibilities
Bank of America is the 2nd Largest Bank in the U.S. With Over $2 Trillion in Assets and Investment Grade Credit Rating of A- (S&P)
Rent of $21.63 PSF, Significantly Below Market Rent
Branch is Located on a Hard, Signalized Corner of Tamarac’s Main Thoroughfare, With Over 60,200 Vehicles Per Day
Location Has Experienced a 27% Deposit Increase Over the Past Five Years (FDIC)
Branch is Equipped With a Four Lane Drive-Thru
Bank of America Has Over 2 Years Remaining and Four (5) Year Options on a Corporately Backed Lease
Property is Located in a Significantly Dense Area, With a 3-Mile Population Over 187,000
Property Location Provides the Benefits of an Income Tax Free State
The City of Tamarac is Part of the 7th Largest MSA in the Country (Miami-Fort Lauderdale-Pompano Beach)
Nearby Tenants Include: Dunkin’, Walgreens, McDonald’s, Best Buy, Publix, Starbucks, Kohl’s, Big Lots, Macy’s, Old Navy, Chick-fil-A, Olive Garden and More

In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229

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Tenant Overview

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase. As a part o f the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking. As of August 2018, Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world. As the sixth largest American public company, it garnered $102.98 billion in sales as of June 2018. Bank of America was ranked #24 on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue. Bank of America was named the "World's Best Bank" by the Euromoney Institutional Investor in their 2018 Awards for Excellence.

Area Overview