For sale
Banks
TX
Dallas
525 Bank of America Blvd

Drive-Thru ATM Branch For Sale

525 Bank of America Blvd, Dallas, TX

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For Sale

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24-hour, 11-lane drive-thru ATM branch with long-term occupancy.

Type:RETAIL

Property size:

1,680 SF

Lot size:

1.46 Acres

Price / SF:

$833/SF

HighLights

Investment grade "A+" rated; corporate backed lease with Bank of America.
Benefit from a long term 41+ years of occupancy at the site.
Recent 5 year extension at a 20% rent increase demonstrates tenants commitment.
Functioning as an ATM branch to the neighboring Bank of America office tower since the early 80's.
The Bank of America office tower reported $345M+ in deposits with a 49%+ market share for this zip code.
One of the lowest priced bank properties for sale in Texas.

We can help!

Listing Contact

Gino Kassab

Learn more

For Sale

Contact for pricing

24-hour, 11-lane drive-thru ATM branch with long-term occupancy.

Type:RETAIL

Property size:

1,680 SF

Lot size:

1.46 Acres

Price / SF:

$833/SF

Added:: Dec 3, 2024
Days on Market:: 559
Last Refresh:: May 20 at 8:05 pm

Property Features for 525 Bank of America Blvd

General Information

Standard status: Active
Size: 1,680 SF
Lot size: 1.46 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Gino Kassab

Listing agent Gino Kassab License #6501387591

Listing office Encore Real Estate Investment Services

Listing date Dec 3, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services

HighLights

Investment grade "A+" rated; corporate backed lease with Bank of America.
Benefit from a long term 41+ years of occupancy at the site.
Recent 5 year extension at a 20% rent increase demonstrates tenants commitment.
Functioning as an ATM branch to the neighboring Bank of America office tower since the early 80's.
The Bank of America office tower reported $345M+ in deposits with a 49%+ market share for this zip code.
One of the lowest priced bank properties for sale in Texas.

Overview

This property is a 24-hour, 11-lane drive-thru location with over 41 years of occupancy. The site has been functioning as an ATM branch to the neighboring Bank of America office tower since the early 1980s. A recent 5-year extension at a 20% rent increase demonstrates the tenant's commitment to the site. The Bank of America office tower reported over $345 million in deposits and a 49%+ market share for this zip code. Bank of America is the second-largest bank in the US with a net worth of over 2.41 trillion and holds an investment grade "A+" rating, corporate-backed lease. The property is located in Grand Prairie, part of the Dallas-Fort-Worth MSA, which is the 4th largest in the country with over 7.75 million people. The property size is 1,680 square feet.

Location Intelligence

Current Use by Public Records

Banks

Map

City: Dallas
County: Collin
State: Texas
Longitude: -96.811
Latitude: 32.8122

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For sale
Banks
TX
Dallas
525 Bank of America Blvd

What type of property is this?

Bank - 24-hour, 11-lane drive-thru ATM branch with long-term occupancy.

Where is this bank located?

The property is located at 525 Bank of America Blvd Dallas, TX.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Investment grade "A+" rated; corporate backed lease with Bank of America.; Benefit from a long term 41+ years of occupancy at the site.; Recent 5 year extension at a 20% rent increase demonstrates tenants commitment.

525 Bank of America Blvd, Dallas, TX

24-hour, 11-lane drive-thru ATM branch with long-term occupancy.

Property Features for 525 Bank of America Blvd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Commercial Property with Yard Access

High-Traffic Convenience Retail Store

Mixed-Use Commercial Property with Two Units

Former Church Redevelopment Facility

Church Campus with Fellowship Facilities

Multifamily Investment Property

Two-Unit Duplex in Dallas

Medical Office Condo with Highway Frontage

Freestanding Medical Office Building

Flex Space with Grade-Level Roll-Up

Modern Duplex With Dual Primary Suites

Two-Unit Duplex With Private Yards

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