Zacuto Group is pleased to present the fee simple sale of an investment grade Single Tenant NNN Wells Fargo Bank in San Bernardino, CA. The subject property is located at a High Traffic Intersection with approx. 28,479 Vehicles Per Day on a Large 40,500 SF Corner Lot. Features excellent Signage, Frontage, Access, and tremendous visibility on both Highland and Arrowhead.
Wells Fargo recently renewed their lease for 5 more years and property has been continuously operated as a bank since 1961. The location is of strategic importance as one of Wells Fargo's major competitors, JP Morgan Chase, is located across the street.
SALE PRICE $3,785,000
CAP RATE 4.85%
NOI $183,572 Absolute NNN Lease
LEASE TERM Approx. 5.5 Years (through 12/31/2022)
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