2756 Long Beach Rd
Oceanside, NY 11572
Bank of America - Oceanside, NY · Retail Property For Sale

Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest, absolute NNN Bank of America located at 2756 Long Beach Rd, Oceanside, NY 11572 (“The Property”). Constructed in 2015, The Property offers over 3,655 square feet, with over 239 feet of lot frontage along Long Beach Rd and 100 feet of frontage along Harrison Avenue. The Property is fully occupied through the base term in 2035 by Bank of America with 29 years of renewal options. Investment Grade Tenant with Strong Deposits: The Property is currently leased to Bank of America, the second largest banking institution in the United States, servicing over 10% of all American bank deposits. As of June 30, 2018, the FDIC reported over $137,505 in deposits. Long-Term Lease with Increases: Bank of America has a remaining base-lease term of over 16 years with increases annually for the first 10 years, followed by 10% increases every 5 years for the remaining base term. The lease calls for over 29 years of renewal options with significant increases throughout the option periods. Zero Landlord Responsibilities: This acquisition opportunity offers zero landlord obligations. The tenant is responsible for all Taxes, CAM charges, Insurance and Utilities.