2901 Village Dr - Bank FOR SALE


Fayetteville, NC 28304- Terry Sanford
$905,000 USD
980-498-3293
2901 Village Dr, Fayetteville, NC for Sale
$905,000 USD
Bank - FOR SALE
1/4
null | 6% Cap Rate

2901 Village Dr
Fayetteville, NC 28304
Terry Sanford


HIGHLIGHTS

  • ABSOLUTE NNN LEASE - ZERO LANDLORD RESPONSIBILITIES - Tenant is responsible for all operating expenses, including taxes, insurance, maintenance, repai
  • LEASE EXTENDED THROUGH 2030 - Bank of America exercised its first renewal option in 2022, extending the lease through September 30, 2030 and reinforci
  • INVESTMENT-GRADE CORPORATE CREDIT - Lease is guaranteed by Bank of America, N.A. (NYSE: BAC), one of the world's largest financial institutions with a

OVERVIEW

- ABSOLUTE NNN LEASE - ZERO LANDLORD RESPONSIBILITIES - Tenant is responsible for all operating expenses, including taxes, insurance, maintenance, repairs, roof, structure, and capital expenditures, providing truly passive, management-free ownership. - LEASE EXTENDED THROUGH 2030 - Bank of America exercised its first renewal option in 2022, extending the lease through September 30, 2030 and reinforcing its long-term commitment to the location. - INVESTMENT-GRADE CORPORATE CREDIT - Lease is guaranteed by Bank of America, N.A. (NYSE: BAC), one of the world's largest financial institutions with approximately $3.3 trillion in assets and an S&P credit rating of A-. - $86 MILLION DEPOSIT BASE - The branch maintains approximately $86 million in deposits, demonstrating strong branch performance and customer adoption. - SIGNALIZED HARD CORNER WITH FOUR-LANE DRIVE-THRU - Located on a 0.71-acre signalized corner with four drive-thru lanes, ATM access, and excellent visibility along Village Drive and Boone Trail Extension. - FORT BRAGG-ANCHORED MARKET - The property benefits from one of the country's largest military economies, with demand further supported by Cape Fear Valley Medical Center, surrounding residential density, and established retail corridors.

FOR SALE DETAILS

PRICE

$905,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America - Fayetteville, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

0426-26-3383,0426-26-4375,0426-26-5205

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.