Citibank
| Status | Available |
|---|---|
| Price | $2,815,000 |
| Cap Rate | 5.75% |
| NOI | $161,867 |
| Lease Type | Absolute NNN |
| Lease Term | 3.6 Years |
| Lease Start | 2/1/2024 |
| Lease Expiration | 1/31/2029 |
| Building Size | 4,062 SF |
| Lot Size | 0.41 AC |
Overview
Equity Investment Advisors is pleased to offer for sale an absolute NNN leased investment with 1.5% annual rental increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C). Citibank exercised its first five (5) year option early exhibiting its commitment to this location.
Prominently located on East Arrow Highway, a major east-west thoroughfare, this site benefits from excellent visibility and direct frontage. The branch is adjacent to a CVS pharmacy anchored shopping center, amid an upper middle-class community. The surrounding community is home to over 300,000 people with an average household income of $120,000, within a 5-mile radius. The asset resides in the affluent city of Glendora, located 23 miles east of downtown Los Angeles
