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Property profile & analytics
OFF-MARKET Estimated value $1,650,000
Banks

19022 R H Johnson Blvd Sun City West, AZ 85375-4401

12,850 SF 1.29 ac lot Built 1981
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-0609000
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,693-square-foot Bank of America branch located at 19022 N R H Johnson Blvd, Sun City, Arizona, 85375. The property sits on approximately one acre of land and is subject to a triple-net (NNN) lease with a corporate guarantee from Bank of America. The lease commenced October 1, 2004, with a 15-year initial term, and currently has 5.2 years remaining. The current annual net operating income (NOI) is $98,255, representing a 5.50% cap rate and a price per square foot of $140.74. The lease includes scheduled rent increases of 5% every five years. Built in 1981, this single-tenant property boasts 100% occupancy and offers significant long-term value due to the strong tenant and favorable lease terms. The property's location in Sun City, Arizona, provides excellent visibility and accessibility. This is a rare opportunity to acquire a stable, high-quality net lease investment with a blue-chip tenant and substantial remaining lease term. The lease has renewal options extending through 2014, demonstrating Bank of America's commitment to the location. This investment offers a compelling combination of strong cash flow, long-term stability, and significant upside potential.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction STEEL FRAME
Total area 12,850 SF
Lot 1.29 ac (56,149 SF)
Zoning code C-C
APN 232-12-002
UPID US07-0609000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.65M
Owner & transaction history
Hmdock2 LLC · 1 yrs held
Hmdock2 LLC
since 2024
Last sale
$1.7M
5 recorded transactions
2024
$1.7M
2020
Price N/A
2016
Price N/A
2016
$1.3M
2004
$2.0M
Zoning & alternative use
C-C · Sun City West, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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