Bank Of America

Tenant Description

Bank of America Corporation provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.

Bank of America operates in 35+ countries and serves 65+ million customers and small businesses. It has 4,500+ retail banking offices and 16,000+ ATMs.

What We Like About Bank Of America

Corporate Guarantee, Infill Real Estate, Rent Increases In Primary Lease Term

What To Look For When Buying A Bank Of America

What are the total deposits at this location? Many think that physical bank branches are being strongly effected by online banking. You can look up any individual bank branch deposits at the FDIC website

https://www5.fdic.gov/sod/sodInstBranch.asp?barItem=1

Competition

Chase, Sun Trust, Wells Fargo

Bank Of America Website

https://www.bankofamerica.com/

Corporate Office Location

100 N Tryon St – Charlotte, NC 28202

Fast Facts

Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

Bank of America is the 26th largest company in the United States by total revenue and was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world.

The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.

Bank Of America is ranked 2nd on the list of largest banks in the United States by assets.

Bank of America’s online banking has 35+ million active users, including 25+ million mobile app users.

Stock Price
Tenant News
Average Cap Rate Trend
5.50%
2019
5.25%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$3,600,000
Average Annual Rental Income$200,000
Average Price/ SF$925/SF
Typical Lease TypeGround Lease
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PA- Stable
Moody'sA3 Stable

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