1611 Western Ave
Albany, NY 12203
Westmere/N Bethlehem
HIGHLIGHTS
- Absolute Triple Net Lease with No Landlord Responsibilities | Bank of America is under an absolute triple net lease
- Newly Signed 5-Year Lease Bank of America has recently signed a new 5-year lease, which includes two additional 5- year renewal options
- Corporate Guarantee by Bank of America The lease for the subject property is backed by a corporate guarantee from Bank of America
OVERVIEW
Surmount is pleased to present the exclusive listing for a Bank of America ATM located at 1611 Western Avenue, Albany, NY 12203. The site sits on an estimated 0.28-acre parcel of land. This Bank of America ATM is subject to a 5-year Triple Net (NNN) lease, which commenced on 10/1/2025. The current annual rent is $25,000 and includes scheduled increases of 10.00% in the option periods.
FOR SALE DETAILS
PRICE
$277,778 USD
PRICE/SF
$3,561 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bank Of America
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,805 SF
ZONING
LB
APN/PARCEL ID
013089-052-014-0003-018-000-0000
ASK ABOUT THIS PROPERTY
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203-887-8797
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203-887-8797
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