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627 Buttermilk Pike
Crescent Springs, KY 41017
Retail Property For Sale
Investment Highlights
- Absolute NNN ground lease with zero landlord responsibilities for true passive ownership.
- Brand-new Class A construction designed for institutional durability and long-term performance.
- Excellent visibility along Buttermilk Pike with traffic counts of approximately 34,000 vehicles per day.
- 15-year initial lease term with eight 5-year renewal options and 10% rent escalations every five years.
- Located in an affluent Cincinnati MSA submarket with average household incomes of $122,600 within one mile.
- Corporate guarantee by Bank of America, the second-largest U.S. bank with over $4.8 trillion in assets.
Executive Summary
This newly constructed Bank of America branch in Crescent Springs, KY offers investors a rare opportunity to acquire a long-term, absolute NNN ground lease with zero landlord responsibilities. The property features a 15-year initial lease term commencing March 1, 2026, with eight 5-year renewal options and 10% rent escalations every five years, ensuring predictable income growth and inflation protection.
Strategically located along Buttermilk Pike, a major commuter corridor with traffic counts of approximately 34,000 vehicles per day, the site benefits from exceptional visibility and accessibility. The surrounding area is an affluent trade zone with an average household income exceeding $122,000 within a one-mile radius, supporting strong tenant performance.
Bank of America, the second-largest bank in the U.S., guarantees the lease, providing institutional-grade security. With over $4.8 trillion in assets and approximately 3,600 financial centers nationwide, Bank of America represents a highly stable and creditworthy tenant. This investment combines brand-new Class A construction with a premier corporate tenant in a dense Cincinnati MSA submarket, offering long-term durability and minimal risk for passive investors.
Strategically located along Buttermilk Pike, a major commuter corridor with traffic counts of approximately 34,000 vehicles per day, the site benefits from exceptional visibility and accessibility. The surrounding area is an affluent trade zone with an average household income exceeding $122,000 within a one-mile radius, supporting strong tenant performance.
Bank of America, the second-largest bank in the U.S., guarantees the lease, providing institutional-grade security. With over $4.8 trillion in assets and approximately 3,600 financial centers nationwide, Bank of America represents a highly stable and creditworthy tenant. This investment combines brand-new Class A construction with a premier corporate tenant in a dense Cincinnati MSA submarket, offering long-term durability and minimal risk for passive investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,300 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$6,813,842 CAD
Price Per SF
$1,584.61 CAD
Cap Rate
5%
NOI
$340,692 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.60 AC
Frontage
84’ on Buttermilk Pike
Property Taxes
| Parcel Number | 014-30-12-002.00 | Improvements Assessment | $6,869 CAD |
| Land Assessment | $104,403 CAD | Total Assessment | $111,271 CAD |
Property Taxes
Parcel Number
014-30-12-002.00
Land Assessment
$104,403 CAD
Improvements Assessment
$6,869 CAD
Total Assessment
$111,271 CAD
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