Absolute NNN U.S. Bank 6644 Carnelian St, Rancho Cucamonga, CA Rancho Cucamonga (San Bernardino, California, US ) Built

$3,475,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,278 sq. ft.
  • Development Level: Built
  • Lot Size: 0.43 acres
  • Year Built: 1993

Description

Absolute NNN U.S. Bank 6644 Carnelian St, Rancho Cucamonga, C.A.

Building Size: 4,278 sqft
Lot Area: 0.4316 acres
Units: 1
Year Built: 1993
Floors: 1

DESCRIPTION
• Absolute NNN Lease - Tenant is directly responsible for taxes, insurance, CAM, roof, structure, and parking lot.
• Investment-Grade Credit – Rated “AA-“ by Standard & Poor’s. Rated “A1” by Moody’s.
• Publicly Traded – US Bancorp (NYSE: USB) has rallied 28% over the trailing 6 months through Jan 2021.
• Captured Trade Area – The majority of Alta Loma residents reside north of the property with no shopping centers to serve its residents other than the subject property and its surrounding retail at the intersection.
• 42 Year Occupancy History – Originally built as Pomona Federal Credit Union in 1979, this location was acquired by US Bank in 1992. US Bank rebuilt the building to their specifications in 1993.
• $101 Million Branch Deposits – Up 13% (YOY 2019 to 2020) and well above US Bank’s California average of $80M per branch.
• Recent 5-Year Extension – In July 2020 (amidst the COVID-19 pandemic), US Bank committed to an additional 5-years of term without any reductions in rent.
• $759,000 Average Home Values – The Alta Loma neighborhood of Rancho Cucamonga is one of the Inland Empire’s wealthiest and most established trade areas. Its median home value is nearly double the San Bernardino County median of $390,000 (Source: Redfin).
• $113,600 Average Incomes – Alta Loma enjoys income levels comparable to much of Los Angeles County ($100,600 average) and Orange County ($125,300 average).
• Strong Retail Velocity at Intersection – Surrounding retailers include: Sprouts, Vons, Starbucks, Walgreens, Rite Aid, Western Dental, Chase Bank, Leslie’s Pool Supply, Juice It Up, Flame Broiler, and more.
• High Traffic, Signalized Intersection – ±43,400 cars per day at the intersection of 19th and Carnelian.
• Convenient Access – No center dividers are present on either 19th or Carnelian, allowing full left-in/left-out access.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.