Listed by Newmark | Orange County - Irvine
$4,124,000
Bank of America (S&P: A+) | San Francisco MSA
Details
Property Type Retail
Sub Type Bank
Square Footage 4,200
Cap Rate 4.85%
NOI $200,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1987
Buildings 1
Acreage 0.290
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/01/2025
Ground Lease Yes
Sale Condition For sale by owner
Retail | 4.85% CAP | 4,200 SqFt
Investment highlights
High Traffic Signalized Intersection Location (94,250 VPD)
- The property is located on the Southeastern corner of the Mission Blvd / Warm Springs Blvd Intersection (94,250 vehicles per day) outparcel to a Safeway-anchored Fremont Town Center
- 0.5 mi to Interstate 680 (141,776 VPD)
- 0.5 mi to Interstate 880 (225,904 VPD)
Established Affluent East Bay Suburb | 0.5 mi from Tesla’s Fremont Factory
- 63,185 people with an average household income of $200,525 live within a 3 mile radius
- Tesla’s Fremont factory employs over 25,000 people and produces nearly 560,000 cars per year
Strong Retail Corridor | Proximity to the BART Warm Springs / South Fremont Stop & New Developments
- Established retail corridor with Warm Springs Plaza, & Mission Square also on Mission Blvd
- Over 180,000 people ride BART daily / BART Warm Springs stop is 1 mi away
- Massive transit-oriented development underway including 1,000+ new multifamily units, townhomes, and mixed-use spaces 1 mi away
2nd Largest Bank in the U.S. | Bank of America (NYSE: BAC / S&P: A+)
- Bank of America is the 2nd largest bank in the U.S. The company operates a nationwide retail banking business via 3,700 bank branches and 15,000 ATMs
- Founded in 1904, Bank of America has a 100+ year operational history and today has over $3.4 Trillion in Assets
Exceptional Deposit Base | $1B+ Deposits
- The subject property had $1,007,335,000 ($1.01 Billion) in deposits for the period ending 6/30/2025
- Deposits have exceeded $1 billion since 6/30/2019
15-Year Extension | Fixed Rental Increases | Absolute NNN Ground Lease
- New 15-year extension commenced 12/1/2025
- The extension calls for 10% rental increases every 5 years in the base term and FMV increases not less than 103% of prior rent in each option period
- The lease is a true absolute NNN ground lease with zero landlord repair and maintenance responsibilities
Listing Contacts
Listed by Newmark | Orange County - Irvine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
4.85%
Cap Rate
4.85%
ROI
Map
Zoning
TC-T MixedMixed UseTown Center Transitional District
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View all 119 uses
View all 119 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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