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Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in Bank of America located in Eden Prairie, MN, just 20 minutes from downtown Minneapolis. Bank of America has recently signed a 20 year ground lease, requiring minimal landlord responsibilities. This property offers investors stable cash flows with an investment grade tenant. The property is 100% leased to Bank of America, a leading provider of banking and investment services worldwide.
CREDIT TENANT WITH INTERNATIONAL PRESENCE
Bank of America boasts an A- (S&P) credit rating, securing the investment for decades to come
GROUND LEASE WITH NO LANDLORD RESPONSIBILITES
The investment features a ground lease structure, leaving the Landlord with almost no responsibilities
20 YEAR LEASE WITH 10% BUMPS EVERY 5 YEARS
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
STRONG DEMOGRAPHICS IN SOUGHT AFTER SUBURB
Within a five-mile radius, the area contains nearly 150,000 residents and an average household income of $163,000
DENSE RETAIL CORRIDOR NEAR MAJOR HIGHWAYS
The property is located in a dense retail corridor featuring national giants such as Walmart, Target, Best Buy, Costco, and more