Brand New NNN Ground Lease- Bite Size Deal | Bank of America
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Brand New NNN Ground Lease- Bite Size Deal Bank of America
3,500 SF Retail Building Omaha, NE 68144 $2,640,000 ($754/SF) 5% Cap Rate
Investment Highlights
- Brand New Absolute NNN Ground Lease by Bank of America (NYSE: BAC) - Market CAP over $280B
- Ranked #1 among National Banks - Online & Mobile Banking by J.D. Power (2022) - 67M+ Customers
- Iconic American Bank - 2nd Largest Banking Institution in U.S.- 8th Largest in World - Member of Big Four
- High Profile PAD to Baker’s Square Shopping Center - Anchored by ALDI/Planet Fitness/JoAnn Fabric
- Largest City in NE with Huge Population Growth - Ranked #4 “Best Cities for Young Professionals” 2022
- Brand New 2023 Prototype - Rare Smaller Price Point - Zero LL Duties - Drive Thru Lanes - Opening Soon!
Executive Summary
We are pleased to present a rare opportunity to purchase a brand-new construction single tenant investment grade asset leased to Bank of America, N.A. on a new 15-year absolute NNN ground lease. The subject property is very well positioned as an outparcel to an Aldi, Planet Fitness, and Joann anchored shopping center at the signalized hard corner intersection of Center Rd and 132nd St in Omaha, NE. Aldi and Planet Fitness recently joined the center and are on brand new 10 year leases. The site benefits from strong traffic counts with over 61,600 VPD in combined intersection traffic counts as well as great visibility and easy access. This is an excellent opportunity to purchase a brand new construction 15-year absolute NNN corporate ground lease (investment grade credit – “A+” by S&P’s), with fixed rental increases (10% every 5 years), and exceptionally well located with great real estate fundamentals.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2023
Price
$2,640,000
Price Per SF
$754
Cap Rate
5%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
0.40 AC
Frontage
188 FT on West Center Road
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3384-7004-15 | Improvements Assessment | $410,500 |
| Land Assessment | $365,100 | Total Assessment | $775,600 |
PROPERTY TAXES
Parcel Number
3384-7004-15
Land Assessment
$365,100
Improvements Assessment
$410,500
Total Assessment
$775,600
-
Nicholas Kohlmann -
Ben Wineman -
Mid-America Real Estate Corp.
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Brand New NNN Ground Lease- Bite Size Deal | Bank of America
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