Bank Branch with Triple-Net
For Sale
Contact for pricing
Pending
12135 Garfield Ave, South Gate, CA 90280
Bank of the West South Gate branch offers a brand-new absolute triple net lease with a 10-year corporate guarantee.
Property SizeContact for details
Days on Market137
Property Features for 12135 Garfield Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Apr 12
Changed: Aug 12
Last Checked: Aug 26 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
Bank of the West – South Gate is being offered for sale as part of a portfolio of eight Bank of the West branches in Southern California. Upon close of escrow, the tenant will execute a brand-new absolute triple net lease featuring a 10-year corporate guaranteed term, with rental increases of 10% occurring every five years throughout the primary term and option periods.
The branch is located less than 0.33 miles from the I-105 Freeway (223,000 CPD reported) and 0.88 miles from the I-710 Freeway (229,000 CPD reported). The property is the only bank within one mile, and the surrounding area includes over 930,025 residents with an average household income exceeding $72,064 within a five-mile radius.
Bank of the West is headquartered in San Francisco and, as of 9/30/2020, reported $96.3 billion in assets. The institution carries a Standard and Poor’s “A” rating, and this branch has over $75M in deposits.
The branch is located less than 0.33 miles from the I-105 Freeway (223,000 CPD reported) and 0.88 miles from the I-710 Freeway (229,000 CPD reported). The property is the only bank within one mile, and the surrounding area includes over 930,025 residents with an average household income exceeding $72,064 within a five-mile radius.
Bank of the West is headquartered in San Francisco and, as of 9/30/2020, reported $96.3 billion in assets. The institution carries a Standard and Poor’s “A” rating, and this branch has over $75M in deposits.
Key Highlights
- Bank of the West South Gate branch—8‑branch portfolio in Southern California.
- Tenant will execute a brand‑new absolute triple net lease upon escrow close.
- 10‑year corporate guaranteed lease with 10% rental increases every 5 years (including option periods).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
7-Eleven
Shops & Services
11,627 visits/mo
0.1 miles
ARCO
Shops & Services
6,192 visits/mo
0.1 miles
Taco Bell
Dining
5,742 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
969 visits/mo
0.0 miles
StorAmerica Self Storage
Shops & Services
894 visits/mo
0.3 miles
Demographics for 90280, CA
92,678
Population
25,395
Households
3.6
Avg Household Size
34
Median Age
12%
College-Educated
59%
High-School Grad
7.4 sq mi
ZIP Area
12,524
Density / Sq Mi
$71,379
Median Household Income
$34,547
Median Earnings
$1,471
Median Rent
$608,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Bank of the West South Gate branch offers a brand-new absolute triple net lease with a 10-year corporate guarantee.
Where is this bank located?
The property is located at 12135 Garfield Ave South Gate, CA.
What are key features of this property?
This property features: Bank of the West South Gate branch—8‑branch portfolio in Southern California.; Tenant will execute a brand‑new absolute triple net lease upon escrow close.; 10‑year corporate guaranteed lease with 10% rental increases every 5 years (including option periods).
