Banc of California Absolute Net Leased Investment
Low Rent Factor | Strong Deposits
Marketing description
CBRE is pleased to present this Absolute NNN Banc of California located along West 6th Street, one of Corona’s most visible and well-traveled commercial corridors, offering convenient access to both the SR-91 and I-15 freeways less than a mile away. Banc of California has operated a full-service branch at this site since 1995, underscoring its long-term commitment to the location. The property features a dedicated drive-thru ATM, enhancing customer convenience and supporting consistent branch traffic of 115 average daily check ins.
Investment highlights
Proven Banking Location + Drive-Thru ATM
Continuously operated as a bank since July 1995 (initially Foothill Independent Bank), with a separate drive-thru ATM that reinforces customer convenience, daily transaction volume, and durable branch utility.
Lease Economics
The lease includes rare 3% fixed rental increases, along with a fair market value option, offering investors both predictable income growth and future upside potential.
Compelling Mark-to-Market Upside
Current rent is $218,069/yr (≈ $3.06/SF/Mo NNN), versus an estimated market $4.50–$5.00/SF/Mo NNN for a retail user leveraging the drive-thru—implying ~$320.5K–$356.2K potential annual rent and ~47%–63% mark-to-market opportunity.
Above Average Deposits
Banc of California’s branch benefits from a strong and growing deposit base of over $99,000,000, per FDIC BankFind website, indicating both stability and a positive trajectory for the location.
NNN Structure with Minimal Landlord Obligations
Tenant is responsible for all building maintenance and repairs; landlord responsibilities are limited to roof and structure—delivering reliably passive cash flow and reduced operational risk.
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