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Bank of America 788 Marne Hwy 4,700 SF 4-Star Retail Building Moorestown, NJ 08057 $7,560,000 ($1,608.51/SF) 5% Cap Rate
Investment Highlights
- New 15-year ground lease.
- Backed by investment-grade credit.
- Zero landlord responsibilities.
- Ten percent rent escalations every five years.
- Absolute NNN lease structure.
- Features excellent visibility.
Executive Summary
Property Facts
Amenities
- Banking
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Bank of America was formed in 1998 through the merger of NationsBank and BankAmerica, while parts of the company's heritage extend back many generations. Bank of America serves individual consumers, small and middle-market businesses, large corporations, governments, and institutions with banking, investing, asset management, and risk management services. Bank of America also operates in wealth management, corporate and investment banking, and trading, with additional support for small business clients through digital and other service channels. The company maintains a broad market presence across the United States and in international markets, reflecting a business that combines retail banking, commercial banking, and institutional financial services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $287,300 | Total Assessment | $287,300 |
Property Taxes
