339 North Yale Ave Claremont, CA 91711
Single tenant Bank of America on 0.74 acres in Claremont.
Source:
Nmrk
Listing Agent: Bill Bauman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bank of America NNN Opportunity
This single-tenant Bank of America property offers an opportunity for qualified investors. The property features a 13,548-square-foot building on a 0.74-acre parcel. The current lease expires in January 2028, presenting a potential mark-to-market or redevelopment opportunity. The bank is currently paying $6.43 per square foot annually, while market rents in the Claremont submarket range from $60 to $72 per square foot, depending on use and location within Claremont Village. Bank of America has been a long-term tenant at this location and holds a significant deposit base of over $479,000,000. The property is located in the Claremont Village, which features 150 shops, restaurants, and art galleries. The property consists of two parcels, totaling 0.74 acres, with the potential to expand the existing improvements and/or redevelop into a mixed-use project. Claremont is home to several private colleges and universities, including Pomona College, Claremont McKenna, Harvey Mudd, Scripps College, Pitzer College, Claremont Graduate University, and Keck Graduate Institute.
Location Intelligence
Current Use by Public Records
Mortgage, Bank of America
Mortgage Lender
Bank of America ATM
Atm
Bank of America Financial ...
Bank
Location Insight
- Map
- Local Demand
- City
- Claremont
- County
- Los Angeles
- State
- California
- Longitude
- -117.7182916
- Latitude
- 34.0973367
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FAQs
What type of property is this?
Bank - Single tenant Bank of America on 0.74 acres in Claremont.
Where is this bank located?
The property is located at 339 North Yale Ave Claremont, CA.
What are key features of this property?
This property features: - Significant mark-to-market rental upside in 2.5 years, current rent at $6.43/sq ft annually compared to market rents of $60-$72/sq ft.; - Strong credit tenant: Bank of America, a leading financial institution with a $299.37 Billion market cap.; - High deposit base: The Bank of America location holds over $479,000,000 in deposits, significantly above the national median.