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Bank of America 1201 Baker St
13,465 SF Retail Building Bakersfield, CA 93305 $2,150,000 ($160/SF) 6.20% Cap Rate
Investment Highlights
- Bank of America NNN lease
- Strong deposit growth, more than doubled in 10 years
- 100% leased, established tenant
- 5 renewal options remaining
- Ideal for 1031 exchange buyers
- Prime location on a commuter route
Executive Summary
Presenting a prime commercial investment opportunity: a Bank of America branch under a NNN lease with a solid corporate guarantee. This established location is 100% leased and situated on a highly trafficked commuter route, offering long-term stability and income. With deposits more than doubling over the past 10 years, the property showcases strong performance and an attractive proposition for 1031 exchange buyers. The lease includes 5 remaining renewal options, ensuring a secure and potentially lucrative investment. Don’t miss out on this rare opportunity to own a piece of a high-performing, nationally recognized financial institution.
Call 661-616-2018 or Email sanjeev.advani@cushwake.com for further due diligence materials
Property Facts
Amenities
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 13,465 SF
- $9.90
- Triple Net
- Jun 2053
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 | 13,465 SF | $9.90 | Triple Net | Jun 2053 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 014-100-16-00-7 | Improvements Assessment | $1,672,693 |
| Land Assessment | $343,593 | Total Assessment | $2,016,286 |
PROPERTY TAXES
Presented by
Bank of America | 1201 Baker St
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