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JLL is pleased to offer for sale a ground-leased Bank of America (the “Property” or “Asset”) located in Houston’s dense Inner Loop – University submarket. Operating on-site since 2008, this Bank of America branch sits directly on the Main Street retail corridor that features leading national tenants such as Target, CVS Pharmacy, Walgreens, and dozens of popular quick-service restaurants. Additionally, the Asset’s immediate proximity to the Texans’ NRG Stadium as well as the Texas Medical Center, a major 2.1-square mile medical pocket featuring over 106,000 employees in the direct area. The offering represents the opportunity to acquire extremely valuable real estate protected by generational value drivers in immediate proximity and a guaranty from one of the market’s premier net lease credits tenants.
- Unmatched position amidst major retail, stadiums, & medical center
- NNN ground lease with elite investment-grade credit backing
- Leading residential growth on top of high existing density
- Outparcel position with convenient access to traffic