Investment Offering
Tenant: Bank of America ATM | Newburgh, NY
Premises: 12,718 SF
Renewal Options: 2 x 5 Years
Lease Expiration: 5/31/2029
Lease Type: Absolute NNN Ground Lease
Rental Increases: 10% Every 3 Years
Sands Investment Group is Pleased to Exclusively Offer the Bank of America ATM NNN Ground Lease Investment Opportunity Located at 503 Broadway in Newburgh, New York.
- Brand New 10-Year Passive Triple Net (NNN) Ground Lease With Bank of America
- Corporate Guarantee
- Bank of America was Named the “World’s Best Bank” By the Euromoney Institutional Investor in 2018
- Small Price Point – Perfect For 1031 Exchanges
- Very Dense Area Including Over 18,000 Households in a 3-Mile Radius
- Strong Demographics – Over 103,300 Residents Live Within a 5-Mile Radius With an Average Household Income of $86,700
- Located Along Broadway – Which Sees Over 27,500 VPD
- Extreme Barriers to Entry Market
- Nearby Tenants Include: AutoZone, Sunoco, CITGO, Family Dollar, Rite Aid, Baskin Robbins, Dunkin’, Save A Lot and More
In Cooperation with Venture Retail Partners, LLC
BoR: Trevor McNiven – Lic #10491205228
View Similar Investment Opportunities
Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities
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 of 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
