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Bank of America | Philadelphia, PA 5692 Rising Sun Ave 11,082 SF Retail Building Philadelphia, PA 19120 $7,432,549 CAD ($670.69 CAD/SF) 5.25% Cap Rate

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Investment Highlights

Corporately guaranteed by Bank of America, NA and rated A+ by Standard & Poor's
Located roughly 6 miles away from Center City Philadelphia in an extremely dense area with over 45,000 people within a 1-mile radius
Ideally positioned less than a mile from the Roosevelt Blvd (Rt-1), the busiest corridor in all of NE Philadelphia with traffic counts over 70,000 VPD

Previously located approx. 1 mile away in mid-block, older outdated building and no drive-thru but with strong deposit performance over $100M
"Mission Critical" full service location with strong real estate fundamentals
New long term lease with 10% rental increases every 5-years throughout the base term and in each option period

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bank of America property located at 5692 Rising Sun Avenue, Philadelphia, PA. This 11,082 SF asset is secured by a NNN lease with 10 years of remaining term and three (3) five-year renewal options. Due to the strength of the location, Bank of America contractually agreed to 10% rental increases every five years, both throughout the base term and in each option period, offering investors consistent yield growth and long-term income security. The lease is corporately guaranteed by Bank of America, NA, a multinational investment bank and financial services institution with $2.57 trillion in total assets and an “A+” credit rating from Standard & Poor’s, providing investment-grade security.