NET LEASED BANK OF AMERICA PROPERTY SOLD

NET LEASED BANK OF AMERICA SOLD September 2017 Invest Commercial has completed the sale of a Bank of America anchored shopping center located at 285 – 291 Front Street, NY for $3,087,000. The 11,500 Sq. Ft. building is centrally located in the Village of Hempstead. There are 6 retail units in the shopping center. Bank of America has anchored the center since 1986 and is one of Long Island’s busiest bank branches. The other retail units consist of a Deli, Chinese Restaurant, Butcher, Dry Cleaners and a Spanish Restaurant. The shopping center was 100% occupied at the time of closing. “This particular property generated a lot of interest because of its attractive cap rate and minimal lan

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