Bank of America NNN
For Sale
$11,400,000
339 North Yale Avenue, Claremont, CA 91711
Single tenant Bank of America on 0.74 acres in Claremont.
Property Size13,548 SF
Lot Size0.74 Acres
Price / SF$841.45
Days on Market187
Property Features for 339 North Yale Avenue
General Information
Standard status
Active
Size
13,548 SF
Lot size
0.74 Acres
Property subtype
Retail
Listing Agency:
Keller Williams Realty Portland Premiere
(213) 298-3593
Listed By:
Bill Bauman · License #CA RE Lic. #00969493
Source:
Nmrk
Added: Jan 27
Changed: Jul 6
Last Checked: Aug 1 at 5:42AM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $458.5k | $33.84 |
| − Vacancy | −$30.3k | −$2.23 |
| EGI | $428.2k | $31.61 |
| − OpEx | −$107.1k | −$7.90 |
| NOI | $321.2k | $23.70 |
13,548 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.59M
$4.01M – $5.35M
NOI $321,154 @ 7.0% cap · market cap 2.82%
Second Best
Retail
$4.28M
$3.75M – $5.00M
NOI $299,744 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$7.25M
$6.35M – $8.46M
NOI $507,748 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,142
Businesses Nearby
101k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 28%
Dining 16%
Trader Joe's
Groceries
56,750 visits/mo
0.5 miles
Bank of America
Shops & Services
17,017 visits/mo
0.3 miles
Buca di Beppo Italian Restaurant
Dining
8,662 visits/mo
0.5 miles
Village Grill
Dining
6,403 visits/mo
0.4 miles
Chase Bank
Shops & Services
4,625 visits/mo
0.3 miles
Demographics for 91711, CA
38,122
Population
13,219
Households
2.9
Avg Household Size
39
Median Age
59%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,559
Density / Sq Mi
$121,970
Median Household Income
$50,978
Median Earnings
$2,135
Median Rent
$870,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue Claremont, CA.
What is the asking price?
The asking price for this property is $11,400,000.
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.
