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525 Bank Of America Blvd Dallas, TX

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For Sale
$1,400,000

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

Property size:
1,680 SF
Lot size:
1.46 Acres

Property Features for 525 Bank Of America Blvd

General Information

Size
1,680 SF
Lot size
1.46 Acres

Source: Encore Real Estate Investment Services Agent Gino Kassab

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


Overview

Drive-Thru ATM Branch For Sale

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
-96.8109852
Latitude
32.8122051

FAQs

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.
More about this property
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