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Bank of America 10415 Southpointe Blvd

4,000 SF Retail Building Louisville, KY 40291 $3,474,000 ($869/SF) 4.75% Cap Rate

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Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | New Construction | Drive-Thru Equipped
Bardstown Rd (46,700 VPD) | Excellent Visibility | Outparcel to Hy-Vee | Strong National/Credit Tenant Presence

NNN Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
Direct, Affluent Consumer Base | Strong Demographics

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an NNN leased, Bank of America investment property located in Louisville, Kentucky. The tenant, Bank of America, National Association, recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of option periods 1 and 2, steadily growing NOI and hedging against inflation. Options 3 and 4 are subject to increases at Fair Market Rental. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.