Bank of America

4701 US Hwy 280, Birmingham, AL
Deal Type:
Net Lease
Price:
$5,300,000
Cap Rate:
5.00%
Current Rent:
$265,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
4,283 SF
Rent Increases:
10% every 5 Years
Site Size:
1.79 Acres

Investment Highlights

  • Construction on the property is scheduled to begin in January 2025, with an anticipated opening in August 2025.
  • Prime Location: Situated on a major highway, US-280, the property benefits from high visibility and traffic. US- 280 sees over 88,950 VPD. In close proximity to millions of square feet of Class A office, retail, and Grandview Hospital campus.
  • Zero Landlord Responsibilities: Long term absolute NNN ground lease allowing for passive ownership.
  • Excellent Local Demographics: Located in an affluent area as the average household income is $150,000+ within 5 miles and the population is over 100,900+ people within 5 miles of the site.
  • Strong Corporate Lease: Bank of America is one of the largest banks in the U.S., with total deposits exceeding $1 trillion and over 4,000 financial centers.

Listing Agents

Adam Baxter

Vice President
205 394 3520
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

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