Bank Of America
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Listing was updated on: 11/06/2022
Price: 5137000.00
location icon 4523 Amboy Rd, Staten Island, NY 10312, USA
Retail / STNL for Sale
SqFt: Inquire
from October 21, 2022

Marcus & Millichap is pleased to offer for sale the fee simple interest in a freestanding, Bank of America located on Staten Island, New York. The lease is a long term, absolute triple net (“NNN”) lease with 13 years remaining with 17% rent bumps in years 4 and 9. Bank of America, N.A. is a wholly owned subsidiary of Bank of America Corporation, which has an investment grade ‘A+’ rating from S&P. The Property is strategically positioned at the intersection of two major retail corridors with combined Traffic Counts of 33,187 VPD in a high density, affluent market with almost 150,000 people in 3 miles with income levels 60% above the NYC MSA average. The Property is adjacent to Eltingville Train Station of the Staten Island Rapid Transit which serves 5 million riders annually. Within walking distance of the Property are the area's two main retail centers, Eltingville Shopping Center and Amboy Shopping Center. This offering represents a unique opportunity to acquire an Investment Grade, Long Term, Absolute NNN, Single Tenant Net Lease property with no landlord responsibilities located in a high density, affluent, infill market surrounded by national retailers.

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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.