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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 18 Updated: 07.28.25 Posted: 07.28.25 Status: Active     07.28.25

Summary

Price $3,300,000
Built/Renov 2024
Tenant Bank of America
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,000
Lease Start 07-19-2024
#Units 3,845
Price/SF $825.00
Expiration 07-31-2039
Tenant Type Bank/Financial
NOI $165,000
R. Term 13.11
Ownership Leased Fee
Rent/SF $41.25
Increases 10.0%/10/yrs
Pop 5Mi 147,209
Lot/AC 0.84
Options 4/5yrs/10%
AHHI 5Mi $104,075

Highlights

  • Brand New 15-Year Lease | Four (5-Year) Options to Extend
  • 10% Rent Increases Every 5 Years
  • Absolute NNN Ground Lease | Zero Landlord Responsibilities
  • Corporate Guarantee

Location Description

Bank of America is strategically located at the signalized intersection of Bardstown Road and Southpointe Boulevard in Louisville, Kentucky, with 46,700 vehicles per day and direct access to Gene Snyder Freeway (73,100 VPD). The property will serve as an outparcel to a planned Hy-Vee grocery-anchored center, which will include national tenants such as Panera Bread and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bank of America
  • Guarantor:Corp T and Rated
  • Company:The Bank of America Corporation
  • # Units:3,845
  • Tenant S&P: A-
  • Moody’s: A1
  • Stock: NYSE: BAC

About Tenant

The Bank of America Corporation (commonly referred to as Bank of America; often abbreviated as BofA or BoA) is an American multinational investment bank and financial services holding...


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