4040 Montgomery Rd - Bank FOR SALE


Loveland, OH 45140
$3,261,000 USD
949-412-1616
4040 Montgomery Rd, Loveland, OH for Sale
$3,261,000 USD
Bank - FOR SALE
1/8
null | 5.25% Cap Rate

4040 Montgomery Rd
Loveland, OH 45140


HIGHLIGHTS

  • A+ rated, investment-grade Bank of America with $388B market cap, 69M+ customers, extensive U.S. footprint, and global operations in 35+ countries.
  • 120+ year old BOA, the 2nd-largest U.S. bank with a history of major innovations and acquisitions, holding over 10% of all American bank deposits.
  • Built-in rent growth with an 8% increase in 2029 and 10% bumps in each of the eight 5-year options, ensuring steady, inflation-protected revenue.
  • Long-term absolute NNN ground lease with Bank of America covering all building and site maintenance, in place since 2019.
  • Property in a CRA zone, serving as BOA ’s sole branch in Warren County, supporting community development, regulatory compliance, and long-term tenancy
  • Prime location on Montgomery Road near I-71 with 28,900 VPD, surrounded by high-traffic retailers like Costco, Target, Home Depot, and Meijer.

OVERVIEW

OHIO BROKER OF RECORD... MICHAEL HALONEN ... Edge Real Estate Group ... OH BRKP. 2008000166 Faris Lee Investments proudly presents a premier investment opportunity secured by a single-tenant NNN ground lease with Bank of America, located along the high-traffic retail corridor of Montgomery Road in Loveland, OH. This Bank of America branch serves as a critical strategic asset, identified as the bank’s sole physical presence within Warren County. This unique positioning makes the site an indispensable geographic linchpin for the bank’s federal Community Reinvestment Act (CRA) compliance, safeguarding the location against closure and ensuring long-term tenancy. Situated in a robust commercial hub with over 28,900 vehicles per day, the asset benefits from excellent visibility and high-profile neighboring co-tenancy including Costco, Target, and The Home Depot. Bank of America, a Fortune 500 company and an investment-grade credit tenant with an A+ S&P rating, offers exceptional stability for investors. As the second-largest financial institution in the U.S., Bank of America serves over 69 million customers worldwide, operating approximately 3,700 retail centers and more than 15,000 ATMs. The tenant has been successfully operating at this location since 2019, servicing a highly affluent client base with average household incomes exceeding $165,000. The absolute NNN ground lease structure creates a true passive investment; Bank of America is responsible for all property expenses, including roof, structure, parking lot, CAM, property taxes, and insurance, resulting in zero landlord responsibilities. The lease offers attractive, guaranteed revenue growth that acts as a hedge against inflation. The agreement features a scheduled fixed rental increase of 8% occurring in January 2029. Additionally, the lease structure includes 8 (5-year) renewal options, each featuring a 10% rent increase. These contractual escalations provide investors with a secure, rising yield over the holding period, enhancing the overall return on investment. Set on a 1.23-acre parcel, the property is intrinsically valuable due to its location within the heart of a premier Cincinnati suburb. The branch serves a dense and wealthy trade area, boasting a population of over 132,700 residents within 5 miles. This exceptional demographic profile supports a robust wealth management business model, ensuring strong demand for financial services and complementing the branch’s deposit base of $36.2M. With over 120 years of history and industry leadership, Bank of America remains the gold standard in American banking. This high-quality, ground-leased asset offers investors stable returns, income growth potential, and the security of a globally recognized tenant in a highly desirable Cincinnati location.

FOR SALE DETAILS

PRICE

$3,261,000 USD

PRICE/SF

$783 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

B of A / Long Term Lease/ S&P Credit: A+

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Bank, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,488 SF

ZONING

-

APN/PARCEL ID

16-26-476-029

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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