STREAM Capital Partners > Properties > All Properties > Bank of America

Bank of America

Net Lease

627 Buttermilk Pike, Crescent Springs, Kentucky
Ownership Type:
Fee Simple
Price:
$4,900,000
Cap Rate:
5.00%
Current Rent:
$245,000
Tenancy:
Single Tenant
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Eight (8) 5-Year Options
Building Sq. Ft.:
4,300 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.60 Acres

Investment Highlights

  • ZERO LANDLORD RESPONSIBILITIES: Long term absolute NNN ground lease allowing for passive ownership.
  • ATTRACTIVE RENT GROWTH: Featuring 10% rental escalations every five (5) years throughout the term and eight (8) tenant extension options, delivering built-in inflation protection and long-term income visibility.
  • BRAND NEW CLASS A CONSTRUCTION: Newly delivered, institutional-quality improvements designed for long-term durability with zero capital requirements throughout the term of the lease.
  • CINCINNATI MSA LOCATION: Situated in a dense Cincinnati MSA submarket with limited infill opportunities, supporting long-term tenant demand.
  • STRONG CORPORATE LEASE: Bank of America the second largest bank in the U.S., with total deposits exceeding $1 trillion and approximately 3,600 financial centers.
  • EXCELLENT LOCAL DEMOGRAPHICS: Located in an affluent trade area with average household incomes of approximately $122,600 within a one-mile radius, supporting strong and consistent tenant performance.
  • PRIME LOCATION: Situated along Buttermilk Pike, a major commuter corridor, the property benefits from excellent visibility and traffic counts of approximately 34,000 vehicles per day.
Ownership Type:
Fee Simple
Price:
$4,900,000
Cap Rate:
5.00%
Current Rent:
$245,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Eight (8) 5-Year Options
Building Sq. Ft.:
4,300 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.60 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Ben Hollis

Senior Associate
256.595.2574[email protected]

Analyst

Blake Micholas

Analyst
301 412 4555[email protected]

Cooperating Broker:
Bang Realty, Brian Brockman, [email protected], 513 898 1551, Lic. KY-204982

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