Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Lease Type NNN
Current / Passing Rent
Lease Expiration 2025-08-05
Remaining Term 4 years, 9 months
Tenant Union Bank
Building Area
Land Area

Property Description

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.

Investment Highlights

  • 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
Last Updated Date: 17 Aug 2020
Adam Friedlander
Adam Friedlander
Director, Capital Markets
License details
CA - 1806555
Coler Yoakam
Coler Yoakam
Senior Managing Director, Corporate Finance & Net Lease Platform Leader
License details
TX-0592885

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Last Updated Date: 17 Aug 2020

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