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Virtual Drive-By

Bank of America

1313 Sandifer Boulevard · Seneca, SC 29678 · Banking / Financial

Asking price
$2,049,000
Cap rate
6.10%
NOI
$125,000

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease type—
Term remaining3.8 yrs
Expiration05/2030
Rent bumps4% in seventh option & 7.7% in eighth option
Options2 x 5-year options
Ground leaseYes
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF—
Price / SF—
Year built1993
Lot size0.67 ac
TypeBank
Days on market59

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

PROVEN LOCATION - $106M DEPOSIT BASE & LONG OPERATING HISTORY

  • ​Bank of America (and predecessor institutions) has operated at this site since 1985, underscoring long-term commitment to the location and consistent performance within the trade area
  • ​The branch maintains a deposit base of approximately $106 million

RECENT LEASE EXTENSION THROUGH 2030

  • ​Tenant exercised its most recent five-year renewal option in 2019, extending the lease through May 31, 2030 — reinforcing long-term confidence in the location and underlying market fundamentals

LOW BASIS / HIGH COVERAGE RENT PROFILE

  • ​Below-replacement cost pricing and modest rent levels relative to national bank branch economics support long-term tenant viability and renewal probability

INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)

  • ​Lease guaranteed by Bank of America, one of the largest financial institutions globally with ~$3.3 trillion in assets, providing secure and stable income

STRATEGIC HARD-CORNER RETAIL POSITIONING

  • ​Located along SC Highway 123 (31,700+ VPD), the dominant retail corridor connecting Seneca and Clemson, with direct access to surrounding retail, residential, and university-driven demand

GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION

  • ​Part of one of the fastest-growing MSAs in the Southeast, supported by a diversified employment base, institutional demand drivers, and continued in-migration

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.