Bank of America - Roseville

1761 County Road C W, Roseville, MN, 55113-1322, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Bank of America located at 1761 County Rd C West in Roseville, MN. Featuring a 15-year ground lease with Bank of America and13 years of remaining term, this property provides exceptional long-term income stability and functions as an ideal passive investment.

Bank of America boasts an A- credit rating (S&P) and serves millions of clients nationwide, providing a strong credit base to the investment. The 4,100 SF building sits on 1.62 acres in Roseville's primary retail corridor, benefiting from strong consumer traffic generated by national giants such as Walmart, Aldi, Dick's Sporting Goods, and Best Buy. The site also benefits from its strategic location on County Road C West, providing outstanding visibility and clear exposure, while being ideally situated just a half-mile from I-35W, the key north-south traffic artery that serves the Roseville area.

The property is positioned within a rapidly expanding market serving nearly 315,000 residents with strong average household incomes of $105,000 within a five-mile radius. Located just 15 minutes from the downtowns of both Minneapolis and Saint Paul, this Bank of America benefits from exceptional demographics and proximity to major Fortune 500 headquarters. Companies including 3M, Target, Best Buy, and Cargill create a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market.

Please refer to the OM for more information on this investment opportunity.

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Attributes

Asking price

MYR 11,411,000

Cap rate

NOI

MYR 571,000

Building area gross

381 m²

Remaining lease term

13 years

Occupancy

100%

Year built

2022

Land area gross

0.66 ha

Media

Investment Highlights

15 YEAR LEASE WITH 10% BUMPS EVERY 5 YEARS

Bank of America signed a 15 year lease with 13 years remaining and options that continue for 25 years after the initial term expires
The lease features 10% rent bumps every 5 years which continue through the option periods, providing a hedge against inflation and ensuring cash flow will increase for years to come

GROUND LEASE WITH NO LANDLORD RESPONSIBILITIES

The investment features a ground lease structure, leaving the Landlord with almost no responsibilities
This ground lease structure makes for an ideal passive investment

DENSE RETAIL CORRIDOR NEAR MAJOR HIGHWAYS

The property is located in a dense retail corridor featuring national giants such as Walmart, ALDI, Dick's Sporting Goods, Best Buy, and more
The property is in close proximity to I-35W, which carries an impressive 152,000 vehicles per day

DENSE SUBURB WITH HIGH PROJECTED INCOME GROWTH

Within a five-mile radius, the area contains over 315,000 residents
Within the same radius, average household income is $105,000 and is projected to grow nearly 2% annually

TWIN CITIES METROPOLITAN SUPPORT

The property is located within the Twin Cities’ MSA just 15 minutes from the downtowns of both Minneapolis and Saint Paul
The location benefits from having supply chains and exposure from the Minneapolis-Saint Paul metro while avoiding having to pay downtown prices