Union Bank Absolute Net
7770 Clairemont Mesa Boulevard San Diego, CA 92111
7770 Clairemont Mesa Boulevard, San Diego, CA, 92111
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For Sale
Contact for pricing
Pending
Signalized corner bank branch with approximately four years remaining on the lease before the next renewal option begins.
Days on Market103
Property Features for 7770 Clairemont Mesa Boulevard
General Information
- Standard status
- Pending
- Property subtype
- Retail, Special Purpose
Listing agency
Pharma Property Group
(619) 297-0055
Listed by
Jason Pongsrikul · License #CA 01918332
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 1:46PM Checked: Jul 21 at 1:46PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
Pharma Property Group has been retained as exclusive agent to offer investors the opportunity to acquire a Union Bank in San Diego. The store has approximately four years remaining on the 2nd amendment to the lease before the next option to renew begins in November of 2021. The property is offered on an absolute net lease with no landlord responsibilities.
An option to extend for 10 years exists, beginning 11/9/2021 at market rate, after which rent increases 4% per year. The branch is located at the signalized northwest corner of Clairemont Mesa Boulevard and Convoy Street. The area reports an average of 29,259 cars per day, along with three major highways with over 120,000 cars per day each. Average household income in a one-mile radius is $93,018, $87,802 in a three-mile radius, and $92,023 in a five-mile radius, with total population counts of 2,895 (one mile), 90,140 (three miles), and over 308,014 (five miles). The branch also benefits from high deposits of over ±$156,500 million.
An option to extend for 10 years exists, beginning 11/9/2021 at market rate, after which rent increases 4% per year. The branch is located at the signalized northwest corner of Clairemont Mesa Boulevard and Convoy Street. The area reports an average of 29,259 cars per day, along with three major highways with over 120,000 cars per day each. Average household income in a one-mile radius is $93,018, $87,802 in a three-mile radius, and $92,023 in a five-mile radius, with total population counts of 2,895 (one mile), 90,140 (three miles), and over 308,014 (five miles). The branch also benefits from high deposits of over ±$156,500 million.
Key Highlights
- Union Bank branch in San Diego, CA on a net lease with no landlord responsibilities
- Approximately 4 years remaining on the lease before the next renewal option begins in November 2021
- Lease includes an option to extend for 10 years on 11/9/2021 at market rate, then increases 4% per year
Property Analytics
Location Intelligence
Current Use by Public Records
Union Bank
Bank
ATM (Union Bank)
Atm
U.S. Bank Branch
Bank
U.S. Bank-Mortgage Loan ...
Loan Service
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FAQs
What type of property is this?
Bank - Signalized corner bank branch with approximately four years remaining on the lease before the next renewal option begins.
Where is this bank located?
The property is located at 7770 Clairemont Mesa Boulevard San Diego, CA.
What are key features of this property?
This property features: Union Bank branch in San Diego, CA on a net lease with no landlord responsibilities; Approximately 4 years remaining on the lease before the next renewal option begins in November 2021; Lease includes an option to extend for 10 years on 11/9/2021 at market rate, then increases 4% per year
