Bank of America – Dayton, OH

Bank of America
2799 Miamisburg Centerville Rd, Dayton, OH 45459, USA

We are pleased to exclusively offer for sale the 6,996 SF Bank of America property located at 2799 Miamisburg Centerville Road in Dayton, OH. The property features an Absolute Triple Net (NNN) Ground Lease with minimal landlord responsibilities, with the tenant responsible for taxes, insurance, utilities, property maintenance, and building upkeep.

  • 14+ Years Remaining on a New Ground Lease with Investment-Grade Bank of America: Bank of America, National Association holds strong credit ratings of Aa2 (Moody’s), A+ (S&P), and AA (Fitch). The 15-year lease expires April 30, 2041, with 4 additional 5-year renewal options.
  • 15% Rent Increases Every 5 Years Provide Strong Rental Growth: Annual rent increases from $160,000 to $184,000 in May 2031 and $211,600 in May 2036, with 12% increases during each renewal option, providing built-in income growth and inflation protection.
  • Absolute Triple Net (NNN) Ground Lease with Minimal Landlord Responsibilities: Tenant is responsible for all property taxes, insurance, utilities, building maintenance, and shared area expenses, providing passive ownership with minimal operating risk.
  • Bank of America’s First Montgomery County Branch, Fully Renovated: Bank of America gutted and fully renovated the building in 2025 to open its 1st branch in Montgomery County, part of its expansion into 9 new markets, including Dayton, OH. That investment shows a long-term commitment to the site, and the lease gives Bank of America the full-service banking exclusive in Mad River Station.
  • Prime Retail Location Across From the 1.4M SF Dayton Mall: Strategically positioned along SR 725 within Mad River Station, surrounded by national retailers including Olive Garden, Golf Galaxy, Skechers, Office Depot, and Starbucks. The location offers direct connectivity to I-75 and I-675 and benefits from planned redevelopment activity in the surrounding retail district.
  • Affluent Trade Area with 146,342 Residents and $108,128 Average Household Income Within 5 Miles: The immediate 3-mile trade area includes 66,326 residents with an average household income of $100,822. The regional economy is supported by Wright-Patterson Air Force Base, Ohio’s largest single-site employer, with more than 38,000 workers.

In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker – Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224

Bank of America
2799 Miamisburg Centerville Rd, Dayton, OH 45459, USA

Bank of America

Bank of America Corporation is one of the world’s leading financial institutions, providing a wide range of banking, investment, wealth management, and financial services to individuals, businesses, corporations, and governments. Headquartered in Charlotte, North Carolina, the company operates across the United States and more than 35 countries. Its services include consumer banking, commercial banking, investment banking, asset management, and global financial markets. As of 2025, Bank of America served approximately 69 million clients, employed more than 213,000 people, and reported $113.1 billion in annual revenue, with approximately $3.4 trillion in total assets.

Price

$3,047,619

Cap Rate

5.25%

PREMISES

6,996 SF

YEAR BUILT

1992

YEAR RENOVATED

2025

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

04/30/2041

Lease Type

Absolute NNN Ground Lease

RENTAL INCREASES

15% Every 5 Years (12% Each Option)

BROKERS

Tyler McGarry
Los Angeles
Adam Scherr
Los Angeles
Cade Huggins
Los Angeles

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