NNN Tenant Profile · Bank
Bank of America
NNN Ground Leases
Top-tier bank credit on passive absolute NNN ground leases, from a buyer’s broker with 4 Bank of America closings in 3 states.
Top-tier bank credit on passive absolute NNN ground leases, from a buyer’s broker with 4 Bank of America closings in 3 states.
A Bank of America NNN property is typically a freestanding bank branch, often with a drive-thru, on an absolute NNN ground lease: you own the land, Bank of America owns the building, and you have essentially zero landlord responsibilities. New leases commonly run about 20 years with 10% rent increases every five years. Bank of America is one of the largest banks in the country, with about 3,500 financial centers in 38 states and Washington, DC, and its bank charter, Bank of America, N.A., is rated A+ by S&P, Aa2 by Moody’s and AA by Fitch. That combination of top-tier credit and a passive ground lease, at price points of about $1.5 million to $5 million, makes Bank of America a favorite of 1031 exchange buyers.
Solid Investments FL has represented buyers on 4 Bank of America transactions in 3 states, including ground leases in Rochester Hills, Michigan and Houston, Texas and branches in Sarasota and Lauderhill, Florida. See them in our track record. Our buyer representation is always free to you.
| Tenant | Usually Bank of America, N.A. (the bank charter); confirm the tenant entity on each lease |
|---|---|
| Headquarters | Charlotte, North Carolina |
| Credit rating | Bank of America, N.A.: S&P A+ / Moody’s Aa2 / Fitch AA. The holding company, Bank of America Corp. (NYSE: BAC), is rated slightly lower |
| Branches | About 3,500 financial centers in 38 states and DC |
| Typical lease term | About 20 years on new ground leases, with multiple 5-year options |
| Lease type | Mostly absolute NNN ground leases; some building leases |
| Rent increases | Commonly 10% every 5 years |
| Typical cap rate (2026) | About 4.5%–5.5% |
| Typical price range | About $1.5M–$5M |
Credit ratings and branch counts as of 2026. Cap rates and pricing reflect current market conditions and vary by deal.
Bank of America’s strongest ratings belong to Bank of America, N.A., the bank itself. Confirm the tenant entity on the lease; that’s whose credit you’re buying.
A branch’s deposit base (reported publicly by the FDIC) is the best indicator of how important that location is to the bank. Strong, growing deposits point to a branch the bank will keep.
Banks continue to trim branch networks; Bank of America’s count declined by more than 100 over the past year while it opened new branches in growth markets. Favor well-located branches with strong deposits and long remaining term.
With a ground lease, you own the land under a bank branch, usually on a hard corner or busy outparcel. If the bank ever leaves, the well-located land is valuable to other users.
New ground leases typically include 10% increases every five years. Check the next bump date and how many options remain.
Bank of America’s A+ / Aa2 bank ratings are among the strongest of any NNN tenant, which is why these ground leases trade at relatively low cap rates.
We’ve helped buyers close 4 Bank of America transactions in 3 states:
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Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, that has represented buyers on 4 Bank of America transactions in 3 states. We help investors and 1031 exchange buyers find, underwrite and close Bank of America ground leases nationwide, and our buyer representation is free.
As of 2026, Bank of America NNN ground leases generally trade between about 4.5% and 5.5% cap rates, depending on remaining lease term, rent increases, branch deposits and location.
As of 2026, Bank of America, N.A., the bank that typically signs branch leases, is rated A+ by S&P, Aa2 by Moody's and AA by Fitch. The holding company, Bank of America Corporation, is rated slightly lower. Confirm the tenant entity on each lease.
Most Bank of America NNN properties are absolute NNN ground leases, where you own the land and the bank owns the building, with no landlord responsibilities. Some are building leases instead.
Banks, including Bank of America, continue to consolidate some branches while opening new ones in growth markets. That's why investors focus on a branch's deposit base, location and remaining lease term.
Bank of America ground leases typically sell for about $1.5 million to $5 million, depending on rent, location and lease terms.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ve closed Bank of America deals in 3 states. Tell us your budget and timeline; our buyer representation is completely free.
📞 954-296-6955 | 11015 Gatewood Dr Suite 102, Lakewood Ranch, FL 34211