Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2022
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in Bank of America located in Eden Prairie, MN, just 20 minutes from downtown Minneapolis. Bank of America has recently signed a 20 year ground lease, requiring minimal landlord responsibilities. This property offers investors stable cash flows with an investment grade tenant. The property is 100% leased to Bank of America, a leading provider of banking and investment services worldwide.

Investment Highlights

CREDIT TENANT WITH INTERNATIONAL PRESENCE

Bank of America boasts an A- (S&P) credit rating, securing the investment for decades to come


GROUND LEASE WITH NO LANDLORD RESPONSIBILITES

The investment features a ground lease structure, leaving the Landlord with almost no responsibilities


20 YEAR LEASE WITH 10% BUMPS EVERY 5 YEARS

The lease features 10% rent bumps every 5 years which continue through the option periods, providing a hedge against inflation and ensuring cash flow will increase for years to come


STRONG DEMOGRAPHICS IN SOUGHT AFTER SUBURB

Within a five-mile radius, the area contains nearly 150,000 residents and an average household income of $163,000


DENSE RETAIL CORRIDOR NEAR MAJOR HIGHWAYS

The property is located in a dense retail corridor featuring national giants such as Walmart, Target, Best Buy, Costco, and more

Last Updated Date: 15 Sep 2022

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Last Updated Date: 15 Sep 2022

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