Bank of America Real Estate Opportunities & Market Research
Bank of America
Lowest Cap Rate
3.80%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.39%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.46%
Average Cap Rate over previous quarter
Overview
Bank of America is an international banking and financial services chain, with over 4,300 branches and a net income of over $7.00 Billion. Investors have continuously sought Bank of America properties as investments, even though the Great Recession, while avoiding many other banking institutions. The continued demand is due to the highly passive structure of Bank of America's ground leases, the long-term commitments to the locations and increases in rental amounts throughout both the initial term and option periods.
Property & Lease
Sales Price Range$3,000,000 - $5,000,000
NOI Range$150,000 - $225,000
Building SF4,000
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:BAC
Credit Rating
S&PA-
Moody'sA1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.67
5.56
5.73
5.25
4.50
5.38
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
High Point, NC8.33%
Country Club Hills, IL7.52%
Charlotte, NC5.86%
Top Consumer Traffic
Chino, CA556,900
Chicago, IL556,600
Oxnard, CA529,200
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
