HIGH QUALITY CORPORATE GROUND LEASED BANK OF AMERICA
High Credit STNL Opportunity – A rare opportunity to acquire a STNL ground leased asset backed by an investment-grade (S&P: A+) tenant in the high growth market of North Las Vegas
Bank of America – One of the largest financial institutions in the world with a market capitalization of $335 billion offering a wide range of banking, investment, asset management, and financial services to individuals, businesses, and governments. Bank of America serves over 67 million clients globally and holds over $3.3 trillion in total assets, making it the second-largest bank in the U.S
New Lease Extension – Bank of America recently extended its lease early for an additional 5 years, demonstrating its commitment to this location for years to come
GROCERY ANCHORED SHOPPING CENTER
Regional Supermarket Anchor – Bank of America is a part of Shadow Creek Marketplace, a grocery anchored shopping center anchored by Smith’s Food and Drug (NAP)
HIGH IDENTITY, REGIONAL RETAIL LOCATION
High Visibility, High Traffic Location – In addition to its proximity to I-15, Bank of America is well positioned at the hard corner of E Centennial Pkwy and Losee Rd which sees a combined ±30,400 cars per day
Irreplaceable Retail Hub – Located within the retail hub of North Las Vegas with adjacent name brand tenants such as Smith’s, Sprouts, CVS, Walmart, 7-Eleven, Jersey Mikes, Subway, Jack in the Box, McDonalds and many others
Residential and Commercial Proximity – Proximity to both residential and commercial density keeps the property busy throughout the day
Housing Growth – North Las Vegas has seen a housing boom that includes more than 6,700 new single-family homes built in the last 5 years
• The Valley Vista, Villages at Tule Springs and Sedona Ranch master planned communities are projected to add an additional ±14,000 housing units over the next 10 years.
STRONG REAL ESTATE FUNDAMENTALS AND INTRINSIC VALUE
Hard Corner, Signalized Location – Bank of America is located at the signalized corner of E Centennial Pkwy and Losee Rd, providing exceptional visibility and signage presentation
Ease of Circulation – Convenient, accessible parking field combined with multiple ingress/egress points from E Centennial Pkwy and Losee Rd create a significant amenity
for customers throughout the day
GROWING, AFFLUENT NORTH LAS VEGAS DEMOGRAPHICS
• More than 26,800 people in a 1-mile radius with Average Household Incomes exceeding $88,200
• More than 108,900 people in a 3-mile radius with Average Household Incomes exceeding $98,900
• More than 272,600 people in a 5-mile radius with Average Household Incomes exceeding $91,900
EXCELLENT 1031 EXCHANGE UPLEG OR ADDITION TO PORTFOLIO
“Coupon Clipper” – NNN Investment leased to Bank of America, with zero landlord maintenance obligations
Excellent Upleg – Available for a quick close to accommodate 1031 Exchange timelines