525 Bank of America Blvd Dallas, TX
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24-hour, 11-lane drive-thru ATM branch with long-term occupancy.
Type:RETAIL
Property size:
1,680 SFLot size:
1.46 AcresPrice / SF:
$833/SF- Added:
- Dec 3, 2024
- Days on Market:
- 511
- Last Refresh:
- Apr 5 at 11:12 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
Listing agent Gino Kassab (248) 702-0943
Listing office Encore Real Estate Investment Services (248) 702-0943
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
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
- -96.811
- Latitude
- 32.8122
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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.
