Looking to buy a Bank of America NNN property? 21 are observed for sale across 13 states, median asking cap rate 5.25%. View Bank of America NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Parent Company | Bank of America Corporation |
| Long-Term Senior Debt Ratings (Bank of America, N.A.) | S&P: A+ (Stable) / Moody’s: Aa2 (Stable) / Fitch: AA (Stable) |
| Rated Entity | Bank of America, N.A., the charter under which Bank of America primarily conducts its banking activities (Form 10-K, year ended December 31, 2025). The holding company, Bank of America Corporation, is rated lower than the bank by S&P, Moody’s and Fitch (Form 10-Q, quarter ended June 30, 2026). Confirm the tenant entity named in each lease. |
| Rating Source | S&P Global Ratings A+, Stable, as of June 30, 2026; Moody’s Aa2, Stable, as of June 30, 2026; Fitch Ratings AA, Stable, as of June 30, 2026. Ratings checked October 8, 2026. |
| Sector | Banking |
| US Locations | Approximately 3,500 retail financial centers (June 30, 2026, Form 10-Q) |
| Median asking cap rate | See the live table below |
| Lease Term | Varies; confirm the primary term, renewal options and rent increases in each lease |
| Guarantee Type | Varies; confirm the tenant entity and any guaranty in the lease |
| Stock Ticker | BAC (NYSE) |
| Annual Revenue | $113.1B total revenue, net of interest expense (FY2025, Form 10-K) |
Bank of America Business Overview & NNN Investment Profile
Bank of America, N.A. is the second-largest US commercial bank by consolidated assets (Federal Reserve, June 30, 2026), and Bank of America serves more than 69 million consumer and small business clients through approximately 3,500 retail financial centers (Form 10-Q, quarter ended June 30, 2026). Bank of America reports four business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets (Form 10-K, year ended December 31, 2025).
From an investment grade NNN real estate perspective, Bank of America, N.A. carries A+/Aa2 long-term senior debt ratings from S&P and Moody’s, and its parent, Bank of America Corporation, reported $113.1 billion of 2025 total revenue, net of interest expense (Form 10-K). The company continues to optimize its consumer banking network and has been reducing its financial center count (Form 10-Q, quarter ended June 30, 2026), so branch-level real estate quality matters as much as the tenant’s credit.
A branch lease carries Bank of America’s credit only if Bank of America, N.A. or another rated Bank of America entity signs or guarantees it, so confirm the tenant entity in each lease. The bank’s scale supports its capacity to pay rent, but it does not guarantee that any single branch stays open. For investors seeking NNN exposure to banking tenants, compare Bank of America branches with other bank tenants on tenant entity, remaining term, rent and site quality.
Bank of America NNN Lease Structure
Bank of America lease terms, renewal options and rent increases vary, so confirm them in each lease. InvestmentGrade.com currently tracks 21 active Bank of America net lease listings, with a median building size of 4,350 square feet. Where listings state rent increases, the schedules vary, so read the rent schedule and option terms in the lease.
Under an NNN lease the tenant pays property taxes, insurance, and maintenance, but lease structures vary (some Bank of America listings we track are ground leases), so confirm landlord obligations, the tenant entity and any guaranty in each lease, and note that Bank of America does close branches as it optimizes its network (Form 10-Q, quarter ended June 30, 2026).
Bank of America NNN Cap Rate & Pricing Trends
Live asking cap rates for Bank of America and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| JPMorgan Chase | AA- / Aa2 | 5.00% | 4.75% to 5.38% | 35 | −24 bps |
| Wells Fargo | A+ / Aa2 | 5.12% | 5.00% to 5.15% | 5 | −12 bps |
| Bank of America | A+ / Aa2 | 5.25% | 5.00% to 6.10% | 21 | +1 bps |
| Truist | A / A3 | 6.25% | 6.16% to 7.00% | 5 | +101 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file.
For detailed analysis of cap rate trends and valuation methodology, consult our investment grade guide.
Bank of America Real Estate Footprint
Bank of America operated approximately 3,500 retail financial centers as of June 30, 2026 (Form 10-Q), with financial centers in 38 states and the District of Columbia (Form 10-K, December 31, 2025), providing geographic diversification and national market presence. BofA describes its recent reduction in financial centers as part of continuing to optimize its consumer banking network (Form 10-Q, quarter ended June 30, 2026).
Bank of America Growth & Optimization Strategy
Bank of America had a net decrease of 134 financial centers and an increase of 35 ATMs in the twelve months to June 30, 2026 as it continued to optimize its consumer banking network (Form 10-Q). FY2025 total revenue, net of interest expense, was $113.1 billion, including net interest income of $60.1 billion and noninterest income of $53.0 billion (Form 10-K).
Bank of America Investment Pros & Cons
| Pros | Cons |
|---|---|
| A+/Aa2 long-term senior debt ratings (Bank of America, N.A.) | Net decrease of 134 financial centers in the twelve months to June 30, 2026 (Form 10-Q) |
| Second-largest US commercial bank by consolidated assets: Bank of America, N.A., $2.65T (Federal Reserve, June 30, 2026) | Client banking preferences are changing; active mobile banking users rose by more than one million in the year to June 30, 2026 (Form 10-Q) |
| Diversified business model across retail/commercial/investment banking | Regulatory compliance costs and pressures |
| $113.1B FY2025 total revenue, net of interest expense; net income of $30.5B (Form 10-K) |
Comparable Bank of America NNN Tenants
| Tenant (rated bank entity) | S&P / Moody’s | Sector |
|---|---|---|
| JPMorgan Chase (JPMorgan Chase Bank, N.A.) | AA-/Aa2 | Banking |
| Wells Fargo (Wells Fargo Bank, N.A.) | A+/Aa2 | Banking |
| Truist Financial (Truist Bank) | A/A3 | Banking |
Rating types differ by bank: the Bank of America, N.A. ratings shown are long-term senior debt ratings (Form 10-Q, quarter ended June 30, 2026), and each bank’s own page shows the rating type for its ratings. Confirm the tenant entity in each lease.
Frequently Asked Questions: Bank of America NNN Investments
How does digital banking affect Bank of America branch viability?
Bank of America says its clients’ banking preferences continue to change (Form 10-Q, June 30, 2026), and it still serves more than 69 million consumer and small business clients through approximately 3,500 retail financial centers (Form 10-Q, June 30, 2026). It also closes branches as it optimizes its network, with a net decrease of 134 financial centers in the twelve months to June 30, 2026, so evaluate each branch’s location on its own merits.
What lease terms do Bank of America properties have?
Terms vary by property, so confirm the primary term, renewal options and rent increases in each lease. The median building among the Bank of America listings InvestmentGrade.com currently tracks is 4,350 square feet.
Which Bank of America entity holds the ratings shown?
The A+/Aa2 ratings shown are long-term senior debt ratings for Bank of America, N.A., the second-largest U.S. commercial bank by consolidated assets (Federal Reserve, June 30, 2026). Its parent, Bank of America Corporation, reported net income of $30.5 billion for 2025 (Form 10-K) and is rated lower than the bank by S&P, Moody’s and Fitch (Form 10-Q, quarter ended June 30, 2026).
How does Bank of America compare to JPMorgan Chase as an NNN tenant?
JPMorgan Chase Bank, N.A. is larger by consolidated assets than Bank of America, N.A. (Federal Reserve, June 30, 2026). Both banks’ ratings appear in the tables above; for any branch, compare the tenant entity, remaining term, rent and site quality.
Bank of America Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Bank of America properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Bank of America in a 1031 exchange: compare bank credit, lease control, and cap-rate spread
For 1031 buyers comparing bank-branch NNN properties, Bank of America should be benchmarked against other bank-branch tenants by tenant entity and guarantor, market footprint, remaining lease term, branch real estate quality, and exit liquidity.
Use this page with the best investment-grade NNN tenants for a 1031 exchange shortlist and the 2026 NNN cap-rate framework to decide whether the bank-branch pricing is worth the credit safety.
Deadline buyer note: compare Bank of America against Chase, Wells Fargo, TD Bank, US Bank, PNC, and Truist before accepting weaker credit, a shorter lease tail, or a less reusable branch site.
Bank of America NNN Properties Observed For Sale
21 active Bank of America net lease listings observed across public listing sources, most recently Oct 12, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Rancho Cucamonga, CA | $5,886,000 | 5.00% | 9,195 | n/a | View listing |
| Cockeysville, MD | $4,758,000 | 7.25% | 3,610 | n/a | View listing |
| Moorestown, NJ | $7,560,000 | 5.00% | 4,700 | n/a | View listing |
| Paramus, NJ | $950,000 | 6.40% | n/a | n/a | View listing |
| Little Rock, AR | $2,530,000 | 6.36% | 6,184 | 5.7 yrs | View listing |
| Louisville, KY | $3,474,000 | 4.75% | 4,000 | 15.0 yrs | View listing |
| Crescent Springs, KY | $4,900,000 | 5.00% | 4,300 | n/a | View listing |
| Greendale, WI | $4,040,000 | 5.00% | 4,255 | 13.2 yrs | View listing |
Search all 21 observed Bank of America listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
