Property Features

• Sale Price: $2,250,000 (4.37% CAP)
• Tenant Name: Bank of America
• Signator/Guarantor: Bank of America, National Association (Corporate)
• Lease Type: Absolute NNN, Landlord Responsibilities: None
• Rent Commencement Date: 10/1/2005 (Recently Exercised 3rd Renewal, 3 - 5 yr Options Remaining)
• Current Remaining Term: 5 Year Extension
• Current Annual Rent: $98,300 (12% Increase Every 5 Years)
• Located in busy Cherrydale area banking hub including Wells Fargo, Truliant, First Citizens & Chase. Added Value of .51 Acre lot on breakfast-side of the road in expanding Poinsett Highway Corridor