Citibank 32291 Camino Capistrano, San Juan Capistrano, CA Cap Rate 3.65% San Juan Capistrano ( California, US ) Built

$6,335,000 USD

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,280 sq. ft.
  • Development Level: Built
  • Lot Size: 0.53 acres
  • Year Built: 1981


Citibank 32291 Camino Capistrano, San Juan Capistrano, CA Cap Rate 3.65%

Cap Rate: 3.65%
NOI: $231,120
Building Size: 4,280 sqft
Lot Area: 0.53 acres
Occupancy: 100%
Year Built: 1981

Price: $6,335,000 USD

Faris Lee Investments is pleased to present a rare opportunity to acquire the fee simple interest (land and building) in a recently remodeled building that is occupied by an investment grade single tenant - Citibank (S&P Rating A+). Citibank relocated to this location and had a long historical occupancy at its prior San Juan Capistrano location. Deposits were $90 million at that site per the FDIC. Citibank recently executed a 10-year NNN lease (10% increase in year 6) with FMV option increases, providing security for the investor and a hedge against inflation.

Citigroup Inc. (S&P Rating A+), a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. There are over 2,400 branch locations around the world. The company was founded in 1812 and is headquartered in New York, New York. 2019 fiscal figures included revenue of $74.29 billion, net income of $19.40 billion, assets of $1.95 trillion, and equity of $193.24 billion.

The subject property is the only outparcel in the Plaza Del Rio Shopping Center (anchored by Vons & Petco), located off Camino Capistrano, which is down the street from the Mission San Juan Capistrano (300,000 annual visitors). The subject property is one of the first pad buildings visible on Camino Capistrano when exiting the I-5 Freeway, which has over 259,000 VPD. Citibank serves the affluent South Orange County city of San Juan Capistrano, which has nearly 200,000 permanent residents with average household incomes well over $160,000 within 5 miles of the property. Citibank is within close proximity to the Rancho Mission Viejo Development, which has 14,000 new homes entering the trade area. National/credit tenants in the immediate trade area include Target, Trader Joes, Vons, Ross, Petco, Marshalls, Rite Aid, and Chick-fil-A.

• Investment Grade Credit Tenant (S&P Rating A+)
• Irreplaceable Location in Prime South Orange County with extremely high AHHI - $164,000
• Brand New Long Term Lease with Healthy Rental Increases
• Outparcel to Grocery Anchored Shopping Center
• Rare Fair Market Value Options
• Recently Completed the Ortega Highway Interchange Improvement Project
• Relocation of an Existing Citibank Branch
• Ideal Town Center Location

For more information:
Javier Tamez Martínez.
Celular: +52 (81) 1599 75 36
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Information is deemed to be correct but not guaranteed.