Wells Fargo
Outstanding Branch Deposit Performance | Part of 2M+ SF Lakewood Center
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Wells Fargo property located at 4711 Candlewood Street in Lakewood, California. The Property consists of a 5,000-square-foot building, ground leased since 2008 under an absolute NNN structure with no landlord responsibilities. Wells Fargo Bank, N.A. has operated at this location for nearly twenty years and recently completed a building update, underscoring its long-term commitment to the site. The lease currently runs through March 31, 2028, with one remaining five-year renewal option. The lease is further strengthened by highly consistent deposit performance, with branch deposits exceeding $256 million annually over the past several years. With CPI-based rental increases subject to a cap, the Property offers investors durable cash flow supported by contractual rent growth and the tenant’s long-standing operating history at the location.
Investment highlights
Consistent Deposit Performance Supporting Durable Cash Flow
Nearly Two Decades of Operations with Long-Term Commitment
Prime Southern California Infill Location
Dominant Regional Trade Area
High-Profile Hard Corner Location
Institutional Retail Destination: Lakewood Center
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