Bank Of America

3881 Richmond Avenue & 4501 Amboy Road – Staten Island, NY 10312

 

Listing Price: $5,137,000 | 4.75% Cap Rate | $1,474.88 Price/SF

 

  • GLA: 3,483 SF
  • Bank of America (rated ‘A+’ by S&P) is America’s second largest bank holding company
  • 13-year Absolute NNN lease with no landlord responsibilities, plus 2, 10-year options
  • 17% rent bumps in years 4 and 9
  • Rapid growth in branch deposits since opening, increasing at a compound annual growth rate (CAGR) of almost 40% with a 21% increase from 2019 to 2020
  • Highly affluent, high density, infill market (149,674 people in 3 miles with Average Household Incomes of $121,857), approximately 60% above the NYC MSA average