Bank of America Listing Details & Market Data

Single-Tenant Drive-Thru, Bank of America Absolute NNN Ground Lease

Corporate lease; zero landlord responsibilities

20-year primary lease term; 13 years remaining

Favorable 12% rental increases every 5 years including in the four 5-year options

Exceptional bank deposits; $122+ million at this location

Bank of America (NYSE: BAC; S&P: BBB+) is one of the world’s leading financial institutions with over 4,300 retail centers across all 50 states and 35 countries

#2 “Largest Banks in America” – MarketCap (2020)

#1 “Best Bank in the World” – Global Finance (2019)

Strategically Located Directly Across the Street from Sun City Palm Desert: 1,600-acre gated community featuring 5,000 homes and 9,000+ residents

Hard-Corner Signalized Intersection Location: Excellent exposure and visibility on Washington Street, one of the major North/South corridors in the Coachella Valley (42,500 cars per day)