1253 A St
Hayward, CA 94541
BANK OF AMERICA - NEW LONG TERM LEASE · Retail Property For Sale

This is an opportunity to acquire a single tenant bank building leased to Bank of America located at 1253 A Street in Hayward, California. The 5,934± square foot building is situated on a 0.67± acre parcel of land. The property is in downtown Hayward. Bank of America was previously located across the street from the subject property but was forced to move because their prior site is in planning stages for redevelopment. Approximately $1.6 million was spent in renovations on the building in 2016. The property includes approximately 30 onsite parking spaces and two extremely rare and heavily used drive-thru lanes. The Bank of America lease commenced on January 1, 2015 and expires in December 2024. There is a rental increase at the start of the sixth year. Furthermore, there are four five-year options to extend the lease. Bank of America, founded in 1874, is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets. Bank of America is a publicly traded company on the New York Stock Exchange under the ticker symbol (BAC) and has a market capitalization of $236.01 Billion as of May 2017.