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Bank of America - Fayetteville, NC 2901 Village Dr 2,910 SF Retail Building Fayetteville, NC 28304 $905,000 ($311.00/SF) 6% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE - ZERO LANDLORD RESPONSIBILITIES - Tenant is responsible for all operating expenses, including taxes, insurance, maintenance, repai
- INVESTMENT-GRADE CORPORATE CREDIT - Lease is guaranteed by Bank of America, N.A. (NYSE: BAC), one of the world's largest financial institutions with a
- LEASE EXTENDED THROUGH 2030 - Bank of America exercised its first renewal option in 2022, extending the lease through September 30, 2030 and reinforci
Executive Summary
- ABSOLUTE NNN LEASE - ZERO LANDLORD RESPONSIBILITIES - Tenant is responsible for all operating expenses, including taxes, insurance, maintenance, repairs, roof, structure, and capital expenditures, providing truly passive, management-free ownership.
- LEASE EXTENDED THROUGH 2030 - Bank of America exercised its first renewal option in 2022, extending the lease through September 30, 2030 and reinforcing its long-term commitment to the location.
- INVESTMENT-GRADE CORPORATE CREDIT - Lease is guaranteed by Bank of America, N.A. (NYSE: BAC), one of the world's largest financial institutions with approximately $3.3 trillion in assets and an S&P credit rating of A-.
- $86 MILLION DEPOSIT BASE - The branch maintains approximately $86 million in deposits, demonstrating strong branch performance and customer adoption.
- SIGNALIZED HARD CORNER WITH FOUR-LANE DRIVE-THRU - Located on a 0.71-acre signalized corner with four drive-thru lanes, ATM access, and excellent visibility along Village Drive and Boone Trail Extension.
- FORT BRAGG-ANCHORED MARKET - The property benefits from one of the country's largest military economies, with demand further supported by Cape Fear Valley Medical Center, surrounding residential density, and established retail corridors.
- LEASE EXTENDED THROUGH 2030 - Bank of America exercised its first renewal option in 2022, extending the lease through September 30, 2030 and reinforcing its long-term commitment to the location.
- INVESTMENT-GRADE CORPORATE CREDIT - Lease is guaranteed by Bank of America, N.A. (NYSE: BAC), one of the world's largest financial institutions with approximately $3.3 trillion in assets and an S&P credit rating of A-.
- $86 MILLION DEPOSIT BASE - The branch maintains approximately $86 million in deposits, demonstrating strong branch performance and customer adoption.
- SIGNALIZED HARD CORNER WITH FOUR-LANE DRIVE-THRU - Located on a 0.71-acre signalized corner with four drive-thru lanes, ATM access, and excellent visibility along Village Drive and Boone Trail Extension.
- FORT BRAGG-ANCHORED MARKET - The property benefits from one of the country's largest military economies, with demand further supported by Cape Fear Valley Medical Center, surrounding residential density, and established retail corridors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,910 SF
Building Class
C
Year Built
1973
Price
$905,000
Price Per SF
$311.00
Cap Rate
6%
NOI
$54,308
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.71 AC
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Moderately walkable
70/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $244,677 | |
| Land Assessment | $799,401 | Total Assessment | $1,044,078 |
Property Taxes
Parcel Numbers
Land Assessment
$799,401
Improvements Assessment
$244,677
Total Assessment
$1,044,078
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Christopher Wiener -
Levitt Mosley -
Mason McVicker -
Atlantic Capital Partners
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