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Bank Of America 19022 N R H Johnson Blvd

12,693 SF Retail Building Sun City, AZ 85375 $1,786,454 ($141/SF) 5.50% Cap Rate

Banks Arizona Sun City 19022 N R H Johnson Blvd, Sun City, AZ 85375

Investment Highlights

  • Extremely Low Rent/SF - $7.57 – Roughly 60% Below Local Market Rent
  • Fifteen, 5-Year Option Periods Remaining
  • Corporate Guarantee from Bank of America
  • 5.2 Years Remaining – Currently in Second Option Period - with Options Continuing Through 2014
  • 5% Increases In Option
  • Bank of America Recently Extended Their Second Option to Renew Early, Proving Commitment to the Location

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Bank of America located at 19022 N R H Johnson Blvd, Sun City, AZ, 85375. The site consists of roughly 12,693 retable square feet of building space on an estimated 1-acre parcel of land. The Bank of America is subject to a 15 Year Triple Net (NNN) lease, which commenced 10/1/04, with potential renewal options through 2104. The current annual rent is$98,225 and has scheduled increases of 5.00% Every 5 Years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
12,693 SF
Building Class
C
Year Built
1981
Price
$1,786,454
Price Per SF
$141
Cap Rate
5.50%
NOI
$98,225
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.00 AC
Zoning
C-2, Sun City
Frontage
122 FT on N R H Johnson Blvd

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
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19022 N R H Johnson Blvd, Sun City, AZ - aerial map view

Nearby Major Retailers

Starbucks
Safeway
Chase Bank
Wells Fargo Bank
Bank of America
WaFd Bank
PNC Bank
Fry’s Food Stores
BMO
Bashas'

PROPERTY TAXES

Parcel Number 232-12-002 Improvements Assessment $0
Land Assessment $0 Total Assessment $334,242

PROPERTY TAXES

Parcel Number
232-12-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$334,242
(310) 966-0122

Contact

  • Listing ID: 32651943

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 19022 N R H Johnson Blvd, Sun City, AZ 85375

More public record information on 19022 N R H Johnson Blvd, Sun City, AZ 85375

The Retail Property at 19022 N R H Johnson Blvd, Sun City, AZ 85375 is currently available for sale. Contact CBC Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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19022 N R H Johnson Blvd, Sun City, AZ for sale Building Photo- Image 1 of 4
19022 North R H Johnson Blvd - Sun City, AZ - Main
19022 N R H Johnson Blvd, Sun City, AZ for sale Aerial- Image 2 of 4
19022 North R H Johnson Blvd - Sun City, AZ - Aerial
19022 N R H Johnson Blvd, Sun City, AZ for sale Plat Map- Image 3 of 4
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Bank Of America | 19022 N R H Johnson Blvd
(310) 966-0122 x

Bank Of America | 19022 N R H Johnson Blvd

Thomas Jonsson

(310) 966-0122

(310) 966-0122

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