627 Buttermilk Pike - Bank FOR SALE


Crescent Springs, KY 41017
$4,900,000 USD
203-610-1541
627 Buttermilk Pike, Crescent Springs, KY for Sale
$4,900,000 USD
Bank - FOR SALE
1/8
null | 5% Cap Rate

627 Buttermilk Pike
Crescent Springs, KY 41017


HIGHLIGHTS

  • Absolute NNN ground lease with zero landlord responsibilities for true passive ownership.
  • 15-year initial lease term with eight 5-year renewal options and 10% rent escalations every five years.
  • Brand-new Class A construction designed for institutional durability and long-term performance.
  • Located in an affluent Cincinnati MSA submarket with average household incomes of $122,600 within one mile.
  • Excellent visibility along Buttermilk Pike with traffic counts of approximately 34,000 vehicles per day.
  • Corporate guarantee by Bank of America, the second-largest U.S. bank with over $4.8 trillion in assets.

OVERVIEW

This newly constructed Bank of America branch in Crescent Springs, KY offers investors a rare opportunity to acquire a long-term, absolute NNN ground lease with zero landlord responsibilities. The property features a 15-year initial lease term commencing March 1, 2026, with eight 5-year renewal options and 10% rent escalations every five years, ensuring predictable income growth and inflation protection. Strategically located along Buttermilk Pike, a major commuter corridor with traffic counts of approximately 34,000 vehicles per day, the site benefits from exceptional visibility and accessibility. The surrounding area is an affluent trade zone with an average household income exceeding $122,000 within a one-mile radius, supporting strong tenant performance. Bank of America, the second-largest bank in the U.S., guarantees the lease, providing institutional-grade security. With over $4.8 trillion in assets and approximately 3,600 financial centers nationwide, Bank of America represents a highly stable and creditworthy tenant. This investment combines brand-new Class A construction with a premier corporate tenant in a dense Cincinnati MSA submarket, offering long-term durability and minimal risk for passive investors.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$1,140 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

014-30-12-002.00

ASK ABOUT THIS PROPERTY

Phil DiGennaroStream Capital Partners, LLCMore Info
203-610-1541

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Phil DiGennaroStream Capital Partners, LLCMore Info
203-610-1541

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