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Bank of America Listing Details & Market Data

39355 Washington St, Palm Desert, CA 92211

  • For Sale $3,425,000
  • Property Type Retail
  • Property Size 3,515 SF
  • Lot Size 0.7 Acre
  • Year Built 2015
  • Date Updated Oct 14, 2021
  • Website listings.hanleyinvestment.com

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)

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Location

  • Walk Score ® Somewhat Walkable (54)
  • Bike Score ® Somewhat Bikeable (45)
Powered by Walk Score ®
  • City Palm Desert, CA
  • Zip Code 92211
  • Market Inland Empire

Contacts

broker

Bill Asher

Hanley Investment Group

(844) 585-7684

broker

Jeff Lefko

Hanley Investment Group

(949) 585-7682

Contact Bank of America

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