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|Current / Passing Rent||
|Remaining Term||5 years|
|Last Updated Date||14 Aug 2020|
JLL is pleased to offer for sale the fee-simple interest in a freestanding Union Bank located in La Habra, California. Union Bank is backed by A-rated investment-grade credit while the subject location ranks in the top 30% of all Union Banks within Orange County by total deposits with significant growth over the past five years.
The property is located in the affluent Orange County market in the city of La Habra, with over 61,000 residents in the immediate area. Over 44% of households within a 3-mile radius boast average incomes of over $100,000. Situated in an Albertson's anchored center, the property sits at the primary retail intersection in La Habra seeing over 71,000 VPD.
- NNN lease with no landlord responsibilities
- Recently extended 5-year option, with 7.5% rental increase
- Investment-grade credit profile
- Outparcel to an Albertson's anchored center in a retail destination location
- Dual-lane drive thru-ATM at a highly trafficked intersection
- Strong tenant demand in the area