Citibank 21530 Yorba Linda Boulevard, Yorba Linda, CA Cap Rate 4% Yorba Linda ( California, US ) Built

$4,223,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,000 sq. ft.
  • Development Level: Built
  • Lot Size: 0.37 acres
  • Year Built: 1990

Description

Citibank 21530 Yorba Linda Boulevard, Yorba Linda, CA Cap Rate 4%

Cap Rate: 4%
NOI: $168,924
Building Size: 4,000 sqft
Lot Area: 0.37 acres
Occupancy: 100%
Year Built: 1990

Precio: $4,223,000 USD

DESCRIPTION
Faris Lee Investments is pleased to offer the unique opportunity to acquire the fee simple interest in a corporate executed Citibank which is strategically located at the main entrance to a Grocery Anchored Shopping Center on Yorba Linda Blvd. at the signalized, hard corner of Yorba Linda Blvd. & New River Rd., in Yorba Linda, CA. The subject property is located as an out-parcel pad to a highly successful Smart & Final Extra Grocery Anchored Shopping Center and within one of the highest income communities in Southern California, Yorba Linda (Orange County). Tenants within the center include a high volume Smart & Final Extra (NAP), Jack in the Box (NAP), Circle K / Mobil (NAP), Anytime Fitness (NAP), and an office building occupied by Coldwell Banker (NAP) among others. The lease is corporate executed with Citibank, N.A., NNN with 2% annual rent increases. In addition, Citibank has occupied at this proven location since 2005 (15 years).
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers and corporations alike. Citibank (NYSE: C) features Investment Grade S&P Credit (A+) rating and operates 2,140 locations in USA, Mexico, and Asia.

Yorba Canyon Center is ideally positioned at two (2) signalized, hard corner intersections, Yorba Linda Boulevard and New River Road. The property is located within a strong Orange County demographic trade area with a 2019 average household income in excess of $165,000 within a 3-mile radius of the subject property. Additionally, there are approximately 82,000 consumers and nearly 23,000 daytime employees within a 3-mile radius of the subject property.
Yorba Linda has one of the highest disposable incomes in all of Orange County, and has been consistently ranked as one of the most desirable communities in Southern California. Yorba Canyon Center is ideally positioned within this high-barrier-to-entry supply constrained community, home to some of the most affluent housing developments in Orange County. Furthermore, each commercial property and intersection has been meticulously planned to ensure long term success of the commercial properties and there with the Yorba Linda community. With a population of over 3 million people, Orange County is located in the heart of Southern California between Los Angeles and San Diego, and it’s the third most populous county in the US. It is a central metropolitan area with leading educational, cultural, and business institutions.

HIGHLIGHTS
• Corporate Executed Lease / Investment Grade Credit: A+ S&P Credit Rating (Investment Grade)
• Low Rent for an Orange County Outparcel in a Grocery Anchored Center
• Long-Term Historical Occupancy at this Proven Location
• Strong Deposits at this Yorba Linda Branch
• Extremely Rare Orange County, CA Pad Opportunity
• Located in Top Orange County Retail Trade Area / Affluent Marketplace + Strong Demographics
• Long-Term Appreciation – Yorba Linda, CA
• Shopping Center Remodel in the Near Future
• Fixed Annual Rent Increases

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.

Attachments

P2#438981616
top
Information is deemed to be correct but not guaranteed.