Bank of America NNN Property For Sale — Gilroy, CA
7111 Camino Arroyo, Gilroy, CA 95020
This offering presents an exceptional opportunity to acquire a fee simple ground lease interest in a freestanding Bank of America located at 7111 Camino Arroyo in Gilroy, California. This investment benefits from strong real estate fundamentals and the tenant's creditworthiness. The property boasts a NNN lease structure, with the tenant responsible for 100% of expenses, providing a truly passive investment. Bank of America has demonstrated a proven commitment to this location with over 20 years of tenancy. The branch reports impressive deposits of $50,061,000, according to FDIC data. Strategically located with excellent access and visibility, the property is situated in a dominant retail corridor with close proximity to Silicon Valley and a fast-growing residential community. This asset i…
- Address: 7111 Camino Arroyo, Gilroy, CA 95020
- Asking price $3.70M
- 4.32% cap rate
- NOI $159,797
- 2 years remaining
- NNN lease
- Year built: 2004
- Building size: 5,900 SF
- Lot size: 1.03 acres
- Lease expiration: Apr 25, 2024
- Rent increases: $145,199 (5/1/2014-4/31/2019); $159,713 (5/1/2019-4/31/2024); FMV, not less than prior rent (5/1/2024-4/31/2029); FMV, not less than prior rent (5/1/2029-4/31/2034); …
- Guarantor: Corporate
Location
This Bank of America property is at 7111 Camino Arroyo in Gilroy, California.
Asset type: Retail