• An Award Winning Net Lease & Retail Commercial Real Estate Group

Bank of America | Absolute-Net Lease in Swansboro, NC

620 W Corbett Ave, Swansboro, NC 28584, USA
$463,133

Description

Marcus & Millichap is pleased to offer for sale this absolute net leased, free standing, corporate backed Bank of America bank branch, located at 620 W Corbett Avenue in Swansboro, North
Carolina. Swansboro is a sprawling city across the Intercoastal Waterway, White Oaks River and Hammocks Beach, a popular destination for tourists, outdoor enthusiasts and recreational fishermen.

The subject property consists of a 2,794 square foot bank branch with two drive up teller lanes, ATM lanes and ample parking on a 0.46 acre parcel. Strategically located on Corbett Avenue minutes from Riverview Park and Highway 58, the primary state highway of North Carolina. To the Landlord’s benefit this branch has merged with a Bank of America which was recently closed
and now boast deposits which surpass $50 Million.

Bank of America N.A. (S & P: A+), a subsidiary of Bank of America Corporation (NYSE: BAC), is one of the world’s leading financial institutions. Headquartered in Charlotte, NC, the company boasts $2.19 trillion in assets, approximately 4,700 retail financial centers and more than 16,000 ATMs.

  • Absolute Net Lease “No Landlord Responsibility“
  • Corporate Guaranteed – S&P “A+“ Rated
  • Healthy Deposits Exceeding $50 Million, Annually
  • Over 23,750 Residents In The Market Area With An HHI Exceeding $74,461
  • Two Drive-Thru Lane
  • Traffic Count In Excess Of 22,000 Vehicles Per Day
  • Signalized Intersection

Property Documents

  • City: Swansboro
  • State/county: North Carolina
  • Zip/Postal Code: 28584
  • Country: United States

Detail

  • Price: $463,133

Additional details

  • CAP Rate: 6.00%
  • NOI: $27,788

Features