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Bank of America | Recent 10yr Extension 5201 Broadway St 17,633 SF Retail Building San Antonio, TX 78209 $5,600,000 ($317.59/SF) 6.25% Cap Rate
Investment Highlights
- Recent 10-Year Extension | Investment Grade Tenant | Scheduled Rental Increases | $185M in Bank Deposits
- Excellent Visibility | State Highway 368 | U.S. Highway 281
- NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In Trade Area
Executive Summary
• Bank of America National Association Corporate guaranteed lease
• 10 years remaining with 3 (5-year) option periods to extend
• Lease features a 7.14% rental increase in January 2031, increasing NOI and hedging against inflation
• High-Volume Branch: over $185 million in deposits at this location
• 10 years remaining with 3 (5-year) option periods to extend
• Lease features a 7.14% rental increase in January 2031, increasing NOI and hedging against inflation
• High-Volume Branch: over $185 million in deposits at this location
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,633 SF
Building Class
C
Year Built
1960
Price
$5,600,000
Price Per SF
$317.59
Cap Rate
6.25%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
1.06 AC
Zoning
OCL - Outside City Limits
Parking
70 Spaces (3.97 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Bank of America traces its roots to 1904, when the Bank of Italy was founded and later became part of the lineage that led to the modern company. The current business was formed through the merger of NationsBank and BankAmerica, and the company now serves individuals, small and middle-market businesses, large corporations, and governments with banking, investment management, wealth management, and financial and risk management services. The company also offers digital banking tools, credit cards, lending, and business solutions through a broad set of products designed for personal, commercial, and institutional clients.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04024-032-0160 | Improvements Assessment | $8,310 |
| Land Assessment | $2,598,800 | Total Assessment | $2,607,110 |
Property Taxes
Parcel Number
04024-032-0160
Land Assessment
$2,598,800
Improvements Assessment
$8,310
Total Assessment
$2,607,110
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