740 N Denton Tap Rd
Coppell, TX 75019
Bank of Amercia in Coppell (Dallas), TX · Retail Property For Sale

* Superior location and outstanding visibility - Bank of America’s location at the signalized corner of North Denton Tap Road and Highway 121 allows great visibility from the highway as well as easy access from both vantage points. A pad site to Market Street grocery, a subsidiary of Albertson’s and a leading grocery in Texas. Bank of America is surrounded by several major retailers including Whataburger, Jack in the Box, Rosa’s Café, Chase Bank, Independent Bank and Legacy Texas Bank. * Pride of ownership asset - Corporate lease by Bank of America, N.A. (Credit Rating A+ by S&P) * Long term lease - 10+ years remaining on 20 years lease with eight (8) – five(5) years options to renew * 10% rent bumps every 5 years * Absolute NNN ground lease (Ownership: land) * Zero landlord responsibilities - Perfect for out of town investor looking to management-free investment * Ideal 1031 exchange property * High income area – Average household income in 1 mile radius is above $110,000 * Rare 5 drive-through lanes. * Strong branch deposits ($ 104,152,000 as of June 30, 2017, average 22% yearly increases for last 5 years) * Net Operating Income ($193,600) and CAP Rate (4.85%) is based off December 2018 rent increase. * In Association with Texas Local Broker; Colliers International North Texas, LLC.