Listed by CBRE - Orange County, CBRE - Ontario, CBRE - San Jose
$3,798,083
500 South Indian Canyon Drive
Details
Property Type Retail, Land
Sub Type Bank, Residential
Square Footage 8,214
Cap Rate 6.00%
NOI $255,885
Occupancy 100%
Tenancy Single
Brand/Tenant US Bank
Lease Type NNN
Lease Expiration 05/12/2027
Remaining Term 4
Rent Bumps Yes
Lease Options Two (2) - Five (5) year options
Price per SqFt $463
Year Built 1959
Acreage 1.400
Zoning C1
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No
NNN US Bank with Drive-Thru plus 2 Parcels for Residential Development
Marketing description
Investment highlights
- Zero Landlord Responsibilities - NNN lease with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance
- Future Development Parcels - one large commercial parcel occupied by US Bank and two (2) residential parcels (6,098 SF) zoned R2.
- Strong Branch Deposits - per FDIC website, this US Bank has over $76 Million in deposits at this location
- Highly Visible Location - at a signalized corner along S. Indian Canyon Drive, one of the most highly-traveled commercial intersections in the trade area
- Walkability - steps from downtown and surrounded by upscale condos, boutique hotels, and retail, the parcels benefit from exceptional walkability and visibility
Listing Contacts
Listed by CBRE - Orange County, CBRE - Ontario, CBRE - San Jose
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$255,885.00
$21,323.75/mo
Valuation Metrics
0
DSCR
6.74%
Cap Rate
6.74%
ROI
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