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Bank of America 9710 Bissonnet St 4,440 SF Retail Building Houston, TX 77036 $1,900,000 ($427.93/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Bank of America Guaranty – Bank of America boasts some of the strongest credit in the net-lease space, benefiting an investor with security
- No Zoning Restrictions – Allowing for opportunistic repositioning and redeveloping capabilities in the future.
- Excellent Visibility – This bank is situated on ±0.98 AC of land along Bissonnet Street, which sees ±43,800 VPD. The property offers access to Houston
- Industry Leading Tenant with over $180.14B in Deposits in the city of Houston – Bank of America has the third largest deposit base in Houston
- Multiple Drive Thru Lanes – This location has 5-drive thru lanes, allowing excellent flow of traffic and quick access to services.
- Southwest District Revitalization – As part of a separate $30 million commitment from the City of Houston, a seven-mile segment of Bissonnet Street
EXECUTIVE SUMMARY
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Rishi Idnani & Connor Olandt in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- -
- $23.54
- Triple Net
- Dec 2029
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving many million consumer and small business clients with retail financial centers, approximately ATMs (automated teller machines) and award-winning digital banking with millions verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | - | $23.54 | Triple Net | Dec 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1317090010001 | Improvements Assessment | $1,195,709 |
| Land Assessment | $643,200 | Total Assessment | $1,838,909 |
PROPERTY TAXES
Presented by
Bank of America | 9710 Bissonnet St
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