- Bank of America Guaranty – Bank of America boasts some of the strongest credit in the net-lease space, benefiting an investor with security behind the Tenant’s lease obligations. According to the S&P 500 Index, BofA has an A- credit rating.
- Industry Leading Tenant with over $180.14B in Deposits in the city of Houston – Bank of America has the third largest deposit base in Houston behind JPMorgan Chase & Co and Charles Schwab Bank, SSB.
- No Zoning Restrictions – Allowing for opportunistic repositioning and redeveloping capabilities in the future.
- Multiple Drive Thru Lanes – This location has 5-drive thru lanes, allowing excellent flow of traffic and quick access to services.
- Excellent Visibility – This bank is situated on ±0.98 AC of land along Bissonnet Street, which sees ±43,800 VPD. The property offers access to Houston’s Top Suburban Communities, the Texas Medical Center, downtown and several vital business hubs.
- Southwest District Revitalization – As part of a separate $30 million commitment from the City of Houston, a seven-mile segment of Bissonnet Street from S Dairy Ashford Rd to Hillcroft Avenue will undergo construction to include the widening of lanes, expansion of sidewalks and the redevelopment of existing turn lanes and medians. Project Timeline is currently 2-3 Years.
Rishi Idnani & Connor Olandt in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.